EnglishRomaero - Bucharest posted a net profit of 112 RON for the first half of the year, up from losses of 4,722 RON in the corresponding period of 2007. The turnover gained 39% to 38,859 RON, while revenues totalled 53,284 RON. Expenses reached 53,172 RON. Shareholders have been called to meet on 27 August to decide whether several plots of land in the company"s property should be auctioned off. Other items on the agenda are whether to extended the duration of the current 15 million USD loan from BCR and what to mortgage in order to collateralize the 4 million USD letter of guarantee requested by IAI for the Galaxy 200/2002 contract. Romexpo is listed on RASDAQ Tier III as RORX since 15 January 1997. The company has a share capital of 15.61 million RON divided into shares with a face value of 2.5 RON. The main shareholders are the State Assets Recovery Authority (AVAS) with 51.9% of the shares, the financial investment firm (SIF) Muntenia with 25.85% and Fondul Proprietatea with 21%. During the last trading session RORX shares lost 9.43% and traded for an average of 47.3 RON/share.
Romaero - Bucharest Posts Mere 112 RON Profit
F.A.
English Section / 25 august 2008
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