English
Orsova Shipyard reported turnover of 15.26 million RON for the first quarter, up 37.4% compared with the same period last year. Revenue rose by approximately 31%, totaling 20.56 million RON, while expenses amounted to 19.49 million RON, up 19.5% from the year-ago quarter. Thus, the company posted a net profit of 928.829 RON, compared to the 595.463 RON loss reported for the first three months of 2006.
On March 31st, the company"s fixed assets totaled 43.98 million RON. Short-term debt amounted to 31.59 million RON, increasing 4% from the same period last year. Orsova Shipyard has a share capital of 21.64 million RON, divided into shares with a face value of 2.5 RON. The company is listed on tier 2 of the Bucharest Stock Exchange as SNO.
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