OMV Petrom posts 19% drop in profit in the first quarter

    By Andrei Chirileasa     OMV Petrom Bucharest, the largest company in Romania, saw its net profit decline by 19 percent in the first quarter of 2014, to RON 1.07 billion (EUR 242 million). The company’s sales were down by 9 percent, to RON 5.3 billion (EUR 1.19 billion).     “In Q1/14, our financial performance...