EnglishSteel mill Mechel - Targoviste (BSE:COS) late last year entered an agreement with Mechel Trading - Liechtenstein to deliver metalurgical products worth 82.15 million USD, according to an announcement to the Bucharest Stock Exchange.
At the end of 2007, Mechel Trading owed Mechel - Targoviste 487,200 USD, whereas Mechel Targoviste owed Mechel Trading 88,600 USD.
Mechel Targoviste concluded 2007:Q3 with a net profit of 8.92 million RON (2.66 million EUR), compared to losses of 12.67 million RON in the year-ago period. The turnover gained 26.54% from 480 million RON in the first 9 months of 2006 to 607.37 million RON (180.99 million EUR) in the first 9 months of 2007.
The company has a share capital of 172 million RON divided into 68.85 million shares with a face value of 2.5 RON. The main shareholders are Mechel International Holdings AG (86.6%) and SIF 5 Oltenia (8.92%).
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