Electroceramica Expects Net Profit of 1,25 Mln RON

Ziarul BURSA #English Section / 26 aprilie 2007

Electroceramica SA Turda, the main manufacturer of electrotechnical ceramics in Romania, expects for the current year a net profit of 1,25 million RON. The company concluded last year with losses of 2,24 million RON, according to a report to the Bucharest Stock Exchange, quoted by NewsIn.

The company also expects a 30% increase in turnover, which should reach 21,24 million RON, compared to 2006, when Electroceramica posted 16,24 million RON in turnover. Overall revenues are expected to reach 21,54 million RON, up 34% from last year, when revenues 16 milioane lei. Total expenses are estimated at 19,85 million RON, gaining 8,4% year-on-year.

Electroceramica has a share capital of 850.000 RON, divided into 340.000 shares with a face value of 2,50 RON. The majority shareholder is Italian company Barberi Rubinetterie Industriali, holding 70% in the company, followed by SIF Oltenia, with 13%

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