EnglishIn the General Meeting held on April 27th, shareholders in Compa Sibiu approved an increase in share capital by 7.433.360 RON to 22.300.066.7 RON. The capital increase will be operated through cash injection. Shareholders can subscribe for two new shares for each share held, at a price of 10 RON/share. Preemptive rights cannot be transferred. The subscription period starts on May 25th and ends on June 29th.
Shareholders also approved the financial results for 2006 and the income and expense budget for the current year. Thus, the company expects turnover to 290.000.000 RON, gaining 19.91% from 2006, while net profit is estimated at 8.700.000 RON. The company intends to invest 36.000.000 RON by year-end.
The company concluded last year with net profit of 8.444.600 RON, gaining 67.09% compared with 2005, reporting turnover of 241.841.000 RON, up 7.32% from last year. Shareholders in Compa will not receive dividends, as 7.894.000 RON from last year"s profit will be used for company development and legal reserves. The company manufactures car parts and is listed on BSE as CMP.
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