EnglishThe management of Comelf will propose to the shareholders a 53% profit growth compared to 2006, as well as a 10% increase in production volume, turnover and total revenues, according to a report to the Bucharest Stock Exchange, quoted by NewsIn.
Also, the Board of Directors has planned investments totalling over 1 million EUR for 2007. The final decisions will be made in the General Meeting of the shareholders, which will be held on April 17th.
Comelf Bistrita posted a net profit of 3,6 million RON (1 million EUR) for 2006, up 28% yoy, while turnover amounted to 100,4 million RON (30 million EUR), gaining 17% compared to 2005.
The company has a share capital of 13,58 million RON (4 million EUR). Comelf shares are listed on Tier 2 of the Bucharest Stock Exchange as of January 2004, under the symbol CMF. The majority shareholder is Uzinsider, holding 76,63% in the company.
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