EnglishMefin Sinaia reported revenues of 9,6 million RON (2,6 million EUR), in Q3 2006, up 12,8% over Q3 2005, according to a report to the Bucharest Stock Exchange, quoted by NewsIn.
The company"s Q3 2006 loss was 1,27 million RON, down 24,8% against Q3 2005, when Mefin reported loss of 1,69 million RON. The Sinaia-based equipment manufacturer reported loss of 3,9 million RON in 2006, up 44% yoy. The Company posted 33,16 million RON in turnover in 2006, down 7,8% yoy.
Mefin shares are listed on the Bucharest Stock Exchange as March 1997. Last year, the company reported losses of 2,7 million RON. The company has a share capital of 13,23 million RON and the majority shareholder is Cyprus-based DCI Walbridge Partners company, holding 79,63% in Mefin.
In July, the company contracted a 750.000 USD loan for a 12-month period, with an interest rate of 9%. The guarantee for this loan will consist of the 200 warehouse and the related land and facilities. Mefin Sinaia manufactures fuel injection equipment for diesel engines and other auto parts.
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