Electroputere Posts 6,651,896 RON Losses In Q1

F.A.
Ziarul BURSA #English Section / 11 mai 2007

Electroputere post losses of 6,651,896 RON at the end of Q1, down by 20.3% year-on-year. The company"s turnover reached 32,140,018 RON on March 31st, down by 6.94% year-on-year, whereas sales amounted to 31,327,985 RON, down by 5.94%. Operating revenues totaled 35,481,574 RON, whereas operating expenses stood at 41,856,335 RON.

Fixed assets were assessed at 134,028,663 RON, down by 0.77%, whereas receivables due in Q1 amounted to 26,378,060 RON, down by 3.54% from December 31st. Short-term debts reached 192,666,079 RON, down by 1.76%. No long-term debts were reported.

The company manufactures electric engines, generators and converters and has a share capital of 12,416,795.5 RON divided into shares with a face value of 0.1 RON/share. The leading shareholder is the State Assets Recovery Authority (AVAS) with 62.83%, followed by Broadhurst Investments and Linsell Enterprises with 5.58%. Electroputere is listed on BVB Tier II as EPT.

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