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OMV Petrom posts net profit of 2.86 billion lei last year, up 122%

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OMV Petrom posted a net profit of 2.86 billion lei last year, 122% higher than the previous year, according to a release sent to AGERPRES on Thursday. Sales revenues increased by 32% to 26 billion lei.

"Our results in 2021 are supported by a strong oil market environment, the excellent use of our assets and the increase in energy demand. However, the result of the exploitation of CCA EBIT excluding special items is below the value recorded in 2019. The market environment with high gas prices does not reflect in our results due to the extremely high level of taxation," said company…

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