EnglishTargu Mures-based fertilizer plant Azomures posted a net profit of 60.01 million RON in 2007 after losses of 1.03 million RON in 2006. Last year"s turnover was 820.6 million RON, up by 15.69% y/y, whereas operating costs gained 10.26% to 800.55 million RON.
The company landed a financial profit of 71.43 million RON, amid a 137.99% increase in financial revenue to 92.29 million RON and a 50.42% increase in expenses to 42.28 million RON. Fixed assets gained 5.1% to 222.65 million RON, whereas stocks amounted to 124.8 million RON, up by 0.3% y/y. Receivables reached 142.49 million RON, up 45.18% y/y. Debts due in less than one year decreased 15.27% to 172.11 million RON. No long-term debts exist.
Azomures is listed on the Bucharest Stock Exchange Tier 1 as AZO and has a share capital of 52.60 million RON divided into shares with a face value of 0.1 RON/share Yesterday"s average was 0.196 RON. The majority shareholder is Transworld Fertilizers Holding Lux with 55.97%. Azomures Holdings LLC is second with 19.05%.
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