October 24 (SeeNews) - Romanian insulated wire and cable maker Iproeb on Wednesday reported net profit of 22.1 million lei ($9.3 million/6.6 million euro) through September, up 85.7% on the year.
Company officials were not immediately available to comment.
The company’s revenue in the first nine months rose by 29.71% year-on-year, while costs increased by 21.25%, the company said in a statement.
Following are details from Iproeb's income statement to over-the-counter market RASDAQ, where the company is listed (in millions of lei):
|
|
9-mo'07 |
9-mo'06 |
| NET PROFIT |
22.1 |
11.9 |
| GROSS PROFIT |
25.7 |
14.0 |
| TURNOVER |
131.7 |
99.8 |
| TOTAL REVENUE |
133.9 |
103.2 |
| TOTAL COSTS |
108.2 |
89.2 |
Iproeb's shares closed down 0.58% at 8.6 lei on Wednesday on RASDAQ.
The company is owned by a large number of minority shareholders with Bucharest-based Electromontaj the largest single shareholder with a 30.66% stake, RASDAQ data showed.
(1 euro = 3.3712 Romanian lei)