EnglishMefin Sinaia, specializing in the design, manufacturing and retail of injection equipment for Diesel engines, components and spare parts, cast and extruded parts, expects losses of 1.6 million lei in 2010, after posting a profit of 140,200 lei last year, while at the same time it expects revenues for 2010 to drop 5.4 times, from 32.1 million lei to 5.9 million lei. Estimated expenses are also expected to drop from 31.9 million lei to 7.5 million lei, according to the Revenue and Expense Budget. The shareholders also approved an investment budget of up to 200,000 lei.
The company is controlled by Cyprus based company DCI Walbridge Partners, which hold 79.6% of the capital.
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