OMV Petrom posts 2020 net profit of 1.29bn lei, down 64%

Autor: Bran Irina Alexandra
Publicat: 04-02-2021 11:13

Last year, the OMV Petrom Group recorded a net profit of 1.29 billion lei, down 64% from the previous year, according to the company's financial report, sent to AGERPRES on Thursday.

Sales revenues totaled 19.71 billion lei, down 23%.

The rapid measures and the integrated business model have partially counterbalanced the challenging environment, the company's representatives note.

The operating result excluding special items, a key-indicator for the oil sector, was 2.3 billion lei, 50% lower.

Investments reached 3.2 billion lei, down 24%.

At the same time, the contribution to the state budget for last year was 9.6 billion lei, including dividends. The company proposes to grant a dividend of 0.031 lei per share, at the same level as the previous year.