English
"Turbomecanica" (symbol TBM on the Bucharest Stock Exchange) reported a loss of 4.73 million lei, after the first nine months of the year, far less than last year"s Q3 loss of 20.18 million lei, according to the report sent to the Bucharest Stock Exchange.
The company"s turnover increased 17.39% YOY to 39.15 million lei, during the first three quarters of 2009.
The company had total revenues of 50.04 million lei, during the period reviewed, up 16% over Q3 2008, and total expenses dropped 13.57% YOY to 54.77 million lei.
On September 30, Turbomecanica had uncollected receivables of 12.61 million lei, and 80.69 million lei in outstanding debts.
The company estimates a net profit of 545,381 lei for 2009, on the back of total earnings of 70 million lei and expenses of 69.46 million lei, according to the revenue and expense budget approved by shareholders.
"Turbomecanica" produces gas turbine engines and mechanical components for aircrafts and has a share capital of 36,944,247.5 lei divided into shares with a face value of 0.1 lei/share. ON August 31st, the company"s major shareholders included Viehmann Radu (25.91%) and Ciorapciu Dana (15.15%), with the remaining shares belonging to other shareholders.
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