Orsova Shipyard Posts 6-Fold Profit Surge

F.A.
Ziarul BURSA #English Section / 14 februarie 2007

Orsova Shipyard (Santierul Naval Orsova) has posted a Y2006 profit of 6,795,101 RON, up six times year-on-year. The financial profit surged 4.73 times to 1,839,367 RON.

The company also reported a net turnover of 78,312,088 RON, up by 19.71% from 2005. Operating revenues reached 78,406,391 RON (+11.97%), whereas operating costs stood at 71,948,198 RON (+4.2%).

The company has a share capital of 21,643,150 RON. Tangible assets declined by 6.28% to 35,859,207 RON, whereas real estate assets lost 4.95% to 27,278,418 RON.

Receivables closed the year at 7,624,126 RON (-38.97%) whereas debts stood at 30,292,792 RON. The company is listed on the Bucharest Stock Exchange as SNO and has posted a 7.18% gain since the beginning of the year.

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