EnglishAlum - Tulcea (RASFAQ:BBGA), controlled by ALRO - Slatina (BSE:ALR) concluded the first nine months of the year with losses of 45.16 million RON (13.46 million EUR) following a decision to stop production in order to allow technology upgrades. In the first 9 months of 2006, Alum reported a net profit of 21.44 million RON. Production was halted in February 2007 to allow technology upgrades worth 49.5 million USD in a bid to improve environmental performance and reduce production costs by 30%. In the first three quarters of 2007, Alum posted 54.79 million RON (16.33 million EUR) in turnover, down 8x y/y.
Alum - Tulcea Losses Hit 45.16 Mln RON In 9 Months
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Ziarul BURSA #English Section / 22 noiembrie 2007
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