EnglishBucharest-based pharmaceutical company Centrofarm (RASDAQ:CEOF) reported losses of 2.07 million RON and a turnover of 62.48 million RON for 2007. Debts exceed receivables by 16.21%, whereas overdue payments totaled 4.23 million RON for the entire 2007, as indicated in a report to the Bucharest Stock Exchange (BSE).
CEOF shares averaged 11.37 RON in 2008 and are generally on an upward trend. Yesterday"s close was 11.2 RON, down by 10.4%. In 2007, CEOF rose for the first five months and peaked at 22 RON on 4. May and then started to decline, reaching 13.5 RON.
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