English
Sinteza - Oradea (BSE:STZ) concluded Q3 with losses of 50,700 RON, down 5x y/y, whereas the turnover decreased by 32% to 3.06 million RON (910,433 EUR). In 2006:Q3, the company lost 274,000 RON against a turnover of 4.49 million RON.
In the first 9 months of 2007, Sinteza made a net profit of 456,000 RON (136,447 EUR), down 5x from the 2.33 million RON posted in the year-ago period. The turnover decreased by 12.54% from 12.98 million RON in the first 9 months of 2006 to 11.35 million RON (3.38 million EUR) in the corresponding period of 2007.
Estimates for this year include a 45% decrease in gross profit to 1.37 million RON and a 0.7% decrease in revenues to 18 million RON. Sinteza has a share capital of 9.92 million RON divided into 66.11 million shares with a face value of 0.15 RON. The majority shareholder is Porto Petrol SRL with 51.83%.
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