EnglishBotosani-based Electrocontact Industrial Group reported a net profit of 826.270 RON for 2006, down 60% year-on-year. Total revenues amounted to 17,63 million RON, down 2,85% compared to 2005. Expenses reached 16,69 million RON, increasing 6,18% from the previous year. The company posted 15,89 million RON in turnover, down 16,75% year-on-year.
The Botosani-based company manufactures distribution and electric command devices and has a share capital of 13,8 million RON, divided into shares with a face value of 0,1 RON. The majority shareholder is Gabriel Chiriac, holding 72,35% in the company.
Electrocontact is listed on the Bucharest Stock Exchange as of December 24th 1998, under the symbol ECT. In the past 12 months, share price oscillated between 0,101 RON/share and 0,15 RON/share.
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