JT Grup Oil, a fuel distributor and developer of JT Terminal, the newest private liquid petroleum terminal at the Port of Constanta, achieved a 4% year-on-year increase in net turnover, reaching 36 million euros in the first nine months of 2024.
During the same period, the company’s net profit surged by 69%, rising to RON 1.18 million euros. This growth was driven by a 42% increase in operating profit and a 13% rise in fuel sales, which totaled 29.8 million liters.
A key element of the company’s strategy to expand its market share and strengthen its supply chain was a 21.43% increase in inventory.
Bogdan-Florin Aldea, President of the Board of Directors at JT Grup Oil, stated that the 13% growth in fuel sales volume, nearing 30 million liters, demonstrates the company’s successful market share expansion efforts. Looking ahead, JT Grup Oil is preparing for the operational launch of its first private petroleum terminal, scheduled for early 2025.
