EnglishZimtub Zimnicea, a maker of steel piping, has budgeted an increase in revenues of 90.8%, from 28.43 to 53.57 million lei, while it expects expenses to increase 88.6%, from 28.07 to 52.96 million, and it expects its profits to triple, from 231,000 lei to 609,000 lei.
The company also expects to invest 21.85 million lei, according to the Revenue and Expense budget. The company will use 212,700 lei of last year"s profit to set up its own financing sources, and will use another 18,600 lei for the legal reserves.
The main shareholders of Zimtub Zimnicea are Flamboyant Ventures of the Belize Islands (31.8%), Inter Ferm Fântânele (25.8%) and Interagro Zimnicea (23.19%).
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