BUCHAREST (Romania), October 9 (SeeNews) - Romanian glass product manufacturer Stimas Suceava on Tuesday reported a sharp contraction in its first-half net loss to 21,600 lei ($9,030/6,435 euro) from 530,300 lei in the same period a year earlier as revenues grew faster than costs.
company officials were not immediately available to comment.
Following are data from the company's income statement, filed with the over-the-counter market RASDAQ after the end of the trading hours (in millions of lei):
| H1'07 | H1'06 | |
| NET PROFIT/LOSS | -0.021 | -0.530 |
| TURNOVER | 5.62 | 4.072 |
| TOTAL REVENUE | 6.079 | 4.866 |
| TOTAL COSTS | 6.10 | 5.34 |
Stirom shares closed 13.46% lower at 4.50 lei on Tuesday.
Stirom (www.stimas.ro) is based in Suceava county, northeastern Romania. The major shareholder in the company is private investor Viorel-Gheorghe Bobu with a 44.03% stake, RASDAQ data shows. Romanian investment fund SIF Muntenia holds a 12.03% stake.
(1 euro = 3.3567 Romanian lei)
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