Mefin Plans To Cut Losses

F.A.
Ziarul BURSA #English Section / 9 mai 2007

Mefin Sinaia plans to cut its losses to 1.167.910 RON, up 3,4 times from 2006, according to the company"s income and expense budget for the current year, approved by shareholders in the General Meeting held on April 28th. Expenses are expected to reach 34.124.401 RON, while revenue should amount to 32.956.491 RON. The company plans to invest 710.000 RON this year.

Last year, turnover totaled 33.167.771 RON, declining by 7,87% compared with 2005. Revenue amounted to 32.433.155 RON and expenses reached 36.441.632 RON.

Equipment manufacturer Mefin Sinaia has a share capital of 13.231.800 RON, divided into shares with a face value of 2,5 RON/share. Mefin is listed on tier 2 of the Bucharest Stock Exchange as MEF. The majority shareholder is DCI Walbridge Partners LTD Cyprus with 79,63% in Mefin.

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