Earnings of "Socep" Constanţa drop over eight times YOY in Q3 2009

A.A. (Tradus de Cosmin Ghidoveanu)
Ziarul BURSA #English Section / 2 noiembrie 2009

The net profit of "Socep" Constanţa (symbol: SOCP on the Bucharest Stock Exchange), at the end of Q3 2009 dropped eight times YOY to 846,200 lei, due to a 23% drop in turnover to 34.81 million lei (8.22 million Euros), according to the earnings report published on the Bucharest Stock Exchange website.

The company"s total revenues amounted to 37.85 million lei, on September 30th, whereas total expenses amounted to 36.63 million lei.

The company has over 4.94 million lei in outstanding debts at the end of the first three quarters and receivables worth 7.41 million lei.

The company has a share capital of 34.34 million lei, split into shares with a face value of 0.10 lei. The company"s main shareholders are DD Group (31.6%), and Stere Samara (10.51%).

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