EnglishCondmag SA Brasov reported a net profit of 129,719 RON for the first quarter of the current year, compared with 707,167 RON in the same period last year. Turnover totaled 18.402 million RON, while revenue amounted to 21.024 million RON.
The company ended 2006 with a turnover of 104.486 million RON and posted a net profit of 3.593 million RON.
For the current year, the company expects revenue to reach 40 million EUR, while net profit should double, according to CEO Alexandru Liviu Tatar. In the next three years, Condmag plans to invest 25 million EUR in eqiupment and modernization.
The significant shareholders are Dafora S.A. Medias (43.66%), O.G.B.B.A. VAN Herk Bv Rotterdam (10.61%), Julius Baer International Equity Funds New York, (9.62%) and Mei Roemenie En Bulgarije Zwiepseweg (7.76%)
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