EnglishGrometal - Arad concluded Q1 with a 632 RON profit, after losses of 54,846 RON in the corresponding period of 2007. The turnover gained nearly 18% y/y to 407,555 RON. Revenues reported for the first three months of the year amounted to 407,555 RON, up by 17.53% y/y, whereas expenses gained 5,178 RON to 406,803 RON.
The company also reporting operating revenues of 407,555 RON (+17.53% y/y) and operating expenses of 393,210 RON (+1.37%). The operating profit was 14,345 RON, following losses of 41,123 RON in the year-ago period.
The company did not generate any financial revenues in the reporting period, but only expenses of 13,593 RON, down by 130 RON y/y. Grometal deals in furniture and hardware and has a share capital of 164,875 RON divided into shares with a face value of 2.5 RON. The majority shareholder is G.I. Motor SRL with 74.94%.
Grometal shares are traded on RASDAQ Tier 3 as GRLA since 12 December 1996. During yesterday"s session, the average was 4.89 RON/share.
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