EnglishN.I.
Fertilizer producer Azomureş (AZO) made a net profit of 2 million lei in Q1 2009, meaning a 27 times drop YOY, according to quarterly earnings published on Friday, as published by NewsIn.
Azomureş" net profit in Q1 2008 was 55 million lei. The company"s turnover shrunk 36% this quarter, to 161.8 million lei (EUR 37.9 million).
This quarter, the total revenues of Azomure amounted to 168.79 million lei, (EUR 39.56 million), down 46% YOY, from 314.5 million lei.
In turn, the company"s expenses dropped by one third, to 166.78 million lei (EUR 39.01 million), down from 249.01 million lei in Q1 2008.
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