UCM - Resita Cuts Losses 51% In Q1

F.A.
Ziarul BURSA #English Section / 15 mai 2007

UCM - Resita (BVB:UCM) reported losses of 10.43 million RON for Q1, down by 51.4% year-on-year. Revenues stood at 33.73 million RON, up by 76.3%, whereas expenses gained 8.76% to 44.16 million RON.

The net turnover reached 28.72 million RON, up by 22.5% year-on-year, whereas debts amounted to 162.41 million RON, up by 3.78% year-on-year. The engine and turbine manufacturer has a share capital of 9.42 million RON, divided into shares with a face value of 0.1 RON. The majority shareholder is INET AG with 90.31%.

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