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Romanian Building Materials Maker Cemacon Jan-Sept Net Profit Rises 87% - Table

Oct 31, 2008, 11:04:00 AMArticle by Sabina Kotova
share
BUCHAREST (Romania), October 31 (SeeNews) – Romanian building materials maker Cemacon reported a 87% year-on-year rise in its nine-month net profit to 7.0 million lei (2.4 million/1.9 million euro), as revenue grew faster than costs.

Romanian Building Materials Maker Cemacon Jan-Sept Net Profit Rises 87% - Table

Company officials were unavailable to comment on the results.

Following are figures from Cemacon's income statement sent to the over-the-counter market RASDAQ late on Thursday (in millions of lei):

Jan-Sept'08 Jan-Sept'07
NET PROFIT 7.00 3.75
NET TURNOVER 39.28 25.39
TOTAL REVENUE 39.72 25.88
TOTAL COSTS 31.51 21.48

The company's shares last traded up 0.5% at 0.201 lei by 0802 GMT on the RASDAQ on Friday.

(1 euro = 3.6607 Romanian lei)

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