Altur Plans to Invest Over 6.8 Mln RON This Year

F.A.
Ziarul BURSA #English Section / 9 iulie 2007

Altur SA Slatina manufactures automotive components and has been present on the Romanian market for 28 years. The company ended 2006 with net losses of 4.2 million RON. Last year, the company invested 2.7 million RON, mainly in modern equipment. In 2006, export sales rose by 54%, amounting to 23.4million EUR.

Altur Slatina reported a turnover of 26.4 million RON for the first quarter of the current year, Compared with 21.9 million RON in the year-ago quarter. Net losses amounted to 916,627 RON, compared with losses of 1.4 million RON in the same period last year.

This year, the company plans to invest 6.8 million RON and expects a turnover of 102.5 million RON and a gross profit of 796,500 RON. Altur Slatina is listed on Tier 2 of the Bucharest Stock Exchange as ALT.

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