UCM Resita Reports 53 Mln RON Loss In 2006

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

The year 2006 was not a very good one for UCM Resita, as the company reported a net loss of 52.914.376 RON, while in 2005 it had a net profit of 137.165.668 RON. The company"s net revenues amounted to 121.626.898 RON in 2006, up 10,55% from the previous year. Sales accounted for 95,31% of revenues, totalling 115.931.355 RON. Exploitation revenuea amounted to 125.872.135 RON, while expenses reached 177.631.127 RON. The company"s assets were worth 82.620.913 RON, declining 5% from 2005.

UCM Resita shares are listed on the Bucharest Stock Exchange, under the symbol UCM. In 2003, the company was taken over by a consortium comprising Swiss company INET and the UCM employees association, following a 13,1 million EUR transaction for 60,67% of the company shares.

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