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Romanian Cable Maker Iproeb 9-mo Net Profit Falls 35% Y/Y - Table

Nov 12, 2008, 11:53:12 AMArticle by Kristina Belkina
share
BUCHAREST (Romania), November 12 (SeeNews) – The nine-month net profit of Romanian insulated wire and cable maker Iproeb fell to 14.3 million lei ($4.8 million/3.8 million euro) from 22.1 million lei a year ago.

Romanian Cable Maker Iproeb 9-mo Net Profit Falls 35% Y/Y - Table

Iproeb's shares were up 2.5% to 1.64 lei by 0849 GMT on the over-the-counter market RASDAQ.

Following are details from Iproeb's income statement to RASDAQ (in millions of lei):

9-mo '08 9-mo '07
NET PROFIT 14.3 22.1
GROSS PROFIT 16.8 25.7
NET TURNOVER 112.1 131.7
TOTAL REVENUE 115.5 133.9
TOTAL COSTS 98.7 108.2

The company is owned by a large number of minority shareholders. Bucharest-based Electromontaj is the largest single shareholder with a 30.79% stake, RASDAQ data showed.

(1 euro=3.7884 Romanian lei)

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