A bit over 12.12% in hydrological installation manufacturer Socot - Targu Mures (RASDAQ:SCTO) was sold for 4.3 million RON (1.28 million EUR) on Monday. The deal was closed for 80 RON per share, which was equal to Friday"s closing price. Considering this price, the company has a market capitalization of 35.49 million RON (10.57 million EUR).
Socot concluded the first half of the year with a net profit of 1.31 million RON, down by 10.7% y/y, and a turnover of 32.53 million RON (10.38 million EUR), up by 52.2% y/y. Estimates for this year indicate a net profit of 741,000 RON, half as much as in 2006. The overall revenue has been estimated at 58.45 million RON, whereas expenses should reach 57.59 million RON.
Socot - Targu Mures has a share capital of 1.11 million RON divided into 443,653 shares with a face value of 2.5 RON. The main shareholders are Eugen Laurean Popa with 20.23%, Adrian Andrici with 12.52% and the Employee Association with 20.10%.