Remarul 16 Februarie sees lower profit

Ovidiu VRÂNCEANU (Tradus de Cosmin Ghidoveanu)
Ziarul BURSA #English Section / 19 mai 2010

Remarul 16 Februarie of Cluj Napoca saw its profit drop 14% at the end of Q1 2010, from 946,500 lei to 813,000 lei, while its turnover dropped 14.7%, from 37.05 million lei to 31.6 million lei.

The company"s revenues also dropped 4.2%, from 32.27 million lei to 30.89 million lei, as did expenses, from 31.14 million lei to 29.81 million lei.

The company"s largest shareholders include Transferoviar Grup, controlled by Călin Mitică, who owns 32.96%, and Monica Băiculescu - 32%.

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