English
Shareholders in Generalcom - Bucharest (RASDAQ:GECM), a company specialized in renting commercial space, have approved an 11.93 million RON (3.39 million EUR) increase in share capital to 13.43 million RON in order to secure funds to buy more commercial space. The company will issue 119.35 millions shares with a face value of 0.1 RON. The shareholders also approved the purchase of certain commercial spaces from Centrofarm SA. Payment will be made 50% from the company"s funds and 50% from a loan from Volksbank.
Generalcom concluded the first half of the year with some 673,000 RON in net profit, down 4x y/y from 2.7 million RON. The company also reported a 7.2 increase in turnover to 4.52 million RON, slightly up from 4.21 million RON in the year-ago period. Last year"s results included a net profit of 16 million RON (4.74 million EUR), up 9.4x y/y, and a 17% increase in turnover to 8.45 million RON. The company has a share capital of 1.49 million RON divided into 14.92 million shares with a face value of 0.1 RON. The main shareholders are Alain Louise Michele Emile Bonte and Catia Radulescu with a joint 41.58%.
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