Mecanpetrol - Gaesti Posts 3.53x Profit Surge

F.A.
Ziarul BURSA #English Section / 27 februarie 2008

Mecanpetrol - Gaesti posted 353% profit surge in 2007 to 4.55 million RON, as per preliminary data released recently. The turnover amounted to 20.75%, up by 95.59% than in 2006. Revenues amounted to 22.67 million RON, up by 113.31% from 2006. Expenses gained 90.6% to 17.27 million RON. At the end of last year, the company reported overall debts of 4.1 million RON, up by 235.09% y/y. Mencanpetrol provides services related to oil & gas extraction and has a share capital of 1.99 million RON divided into shares with a face value of 2.5 RON. It is listed on RASDAQ as MEGY. The leading shareholder is International Lazar Company with 80.44%.

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