English
Avicola Braşov had a profit of 4.6 million lei at the end of Q3 2009, up four times over Q3 2008, according to the earnings report sent to the Bucharest Stock Exchange.
Over the same period, the company"s turnover increased 41%, to 74,7 million lei, up from 52.8 million lei.
The company"s revenues in Q3 2009 increased 17% YOY, to 70.3 million lei, whereas expenses increased 65.6 million lei, up 11%.
The company intends to take out a 50 million lei production loan for a period of one year. The shareholders will discuss on December 8th the pledging of two plots of land- one of four ha and another of over 6,000 square meters - the assigning of the current account of 56.856 million lei, as well as the issue of a promissory note of 5.682 million lei in favor of Transilvania Bank, endorsed by Ioan Popa.
Avicola Braşov was taken over at the end of August 2007 by the Transavia group of Alba-Iulia. The chairman of the group was also appointed as leader of the Board of Administration of Avicola. At the time, the company"s shareholders approved increasing the share capital to 23.4 million lei, by means of an 18.3 million lei cash contribution from Alba-Iulia based Transavia.
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