EnglishAltur SA Slatina increased its share capital by 6,07 million RON to 26,76 million RON, according to a company press release. The company issued 119,38 million shares, of which 58,68 million unsubscribed shares were cancelled.
Presently, the company has a share capital of 26,76 million RON, divided into 267,63 million shares with a face value of 0,10 RON. Following the share capital increase, SIF Oltenia (SIF5) should hold 237 million shares, namely 88,58% in the company. However, SIF Oltenia sold 9 million shares for 2,06 million RON before the share capital increase and now holds 85,22% in the company.
Altur concluded 2006 with a net loss of 4,14 million RON (1,22 million EUR), up 31% from 2005, when the company posted losses of approximately 6 million RON. Turnover gained 39%, reaching 97,4 million RON (28,8 million EUR). For 2007, the company expects a profit of 800.000 - 1.000.000 RON and a turnover of 120 million RON (35,4 million EUR), up 20% from 2006. This year, Altur plans to invest some 2 million EUR.
Founded in 1979, automotive component manufacturer Altur Slatina is listed on Tier II of the Bucharest Stock Exchange as of December 2004, under the symbol ALT.
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