Socep - Constanta Posts Small Profit Slide

F.A.
Ziarul BURSA #English Section / 9 februarie 2007

Port operator Socep - Constanta has released preliminary results for 2006 indicating a net turnover of 39,130,061 RON, down by 6.9% from 2005, and a net profit of 2,254,530 RON, down by 3.2%. The value of the company"s real estate assets decreased by 8.4% from 2005, whereas the share capital remained unchanged at 34,342,574 RON. The company"s debts decreased by 40.3% to 2,244,992 RON on medium term (over one year) and to 2,137,415 RON on short term (less than one year). Socep also posted an operating profit of 3,684,328 RON (+31.8%) and a 16-fold increase in financial losses. The company is listed on the Bucharest Stock Exchange as SOCP.

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