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After the first three months of this year, Oil Terminal Constanta (OIL) reduced its loss by 85.5%


Oil Terminal Constanta posted, after the first three months of this year, losses of RON 2.07mln, down 85.5% compared to losses recorded in the similar period of the last year, according to a company report. The company turnover in Q1 2013 was RON 23.7mln, down 6% compared with the business achieved in the similar interval of 2012. Oil Terminal’s total incomes during January – March 2013 amounted to RON 23.78mln, by 6.5% lower than incomes recorded in Q1 2012, while the total expenses stood at RON 25.8mln, falling by 3% compared with January – March 2012 period. “The gross result in Q1 this year was influenced by the shortfall of the physical provision program by 112 thousand tons and, implicitly, of the total incomes by RON 2,095 thousand compared with the income and expenditure budget”, the report also shows. Oil Terminal shareholders decided in the general meeting from April 25th to pay dividends worth RON 496,313. Thus, the gross dividend per share is RON 0.00085214.