English
Shareholders in pharmaceuticals distributor IassyFarm SA - Iasi hav decided to move the registered office to Brasov and change name to Ropharma SA. Another decision was to increase share capital in order to finance business development.
The projection for this year is 65 million RON in turnover, up by over 10 million RON y/y. The net profit is outlined at 700,000 RON, up by 24% y/y. The H1 results seem to confirm the forecast as the turnover gained 7% to 27,789,887 RON, whereas the net profit doubled compared to H1:2006. Patrimony solvency increased from 25.61% to 27.44%.
According to Chair of the Board Florentina Miron, the company will open three new pharmacies and renovate five existing ones this year. Moreover, the central warehouse will be modernized to EU standards. In order to finance such investments, the shareholders will increase the share capital by 3 million RON to 4.38 million RON. The company will issue 30 millions shares with a face value of 0.1 RON. Existing shareholders will have preemptive rights for 90 days. The company is controlled by ADD Pharmaceuticals - Cyprus with 65%
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