EnglishShareholders in foodstuff distributor Galgros SA Galati on August 27th decided to increase the company"s share capital from 4 million RON to 8 million RON through cash injection, according to a report to Rasdaq. The company issued over 1.6 million shares with a face value of 2.5 RON.
Last year, Galgros posted a net profit of 1.65 million RON, recording a 70% increase from 970,000 RON in the previous year. Turnover amounted to 3.8 million RON (1.07 million EUR), down 14.2% from 4.43 million RON in 2005.
The majority shareholder is businessman Catalin Chelu, with 76.47% in the company, followed by SIF Moldova with 17.69%.
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