November 23 (SeeNews) - Aker Braila, one of two Romanian shipyards owned by Norwegian group Aker Yards, on Friday reported a nine-month net loss of 13.25 million lei ($5.43 million/3.67 million euro), up from a 3.73 million lei net loss a year earlier, as costs rose faster than revenue.
The company’s revenue rose by 5.3% on the year, while costs increased by 9.1%.
Following is data from the company's nine-month income statement, filed with the over-the-counter market RASDAQ, where the company is listed (in millions of lei):
|
|
9-mo'07 |
9-mo'06 |
| NET LOSS |
13.25 |
3.73 |
| TURNOVER |
203.4 |
101,4 |
| TOTAL REVENUE |
247.7 |
235.3 |
| TOTAL COSTS |
260.9 |
239.1 |
Aker Yards bought 83.68% of the Romanian shipyard, located in the Danube river port city of Braila, in 2003. It also owns Romanian shipyard Aker Tulcea. Aker Braila delivers most of the hulls it produces to Norwegian partners.
Aker Braila’s shares were last traded on November 21 on RASDAQ at 2.90 lei, down 3.33% from the previous close.
(1 euro= 3.6136 Romanian lei)