Severnav Triples Profit In Q1, 2007

F.A.
Ziarul BURSA #English Section / 8 mai 2007

Severnav SA - Drobeta Turnu Severin posted a Q1 net profit of 1.36 million RON, up 3.6 times year-on-year, according to a management report to RASDAQ. In the first three months of last year, the company derived a net profit of 371,722 RON. The turnover posted in Q1:2007 is 90.5 million RON, up 64 times year-on-year. The shipyard posted 1.44 million RON in turnover for Q1:2006. The share capital is 12.60 million RON. The leading shareholder is Proprietatea Fund with 38,87%, followed by International Railway Services with 23.12% and Invest Group with 21.33% according to information dated March 2006.

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