November 13 (SeeNews) - Romanian chemical company Sinteza reported on Tuesday a net profit of 457,903 lei ($193,649/132,600 euro) for the first nine months of 2007, down from a net profit of 2.3 million lei a year earlier.
The company’s revenue through September fell by 13.75% on the year and turnover dropped by 12.55%.
Company officials were not immediately available to comment.
Sinteza stock gained 11.11% on Tuesday to close at 0.7 lei per share on the Bucharest Stock Exchange (BVB).
Following are details from the company's income statement filed with the BVB (in millions of lei):
|
|
9-mo'07 |
9-mo'06 |
| NET PROFIT |
0.46 |
2.33 |
| PRE-TAX PROFIT |
0.50 |
2.33 |
| TURNOVER |
11.35 |
12.98 |
| TOTAL REVENUE |
11.66 |
13.52 |
| TOTAL COSTS |
11.16 |
11.19 |
Sinteza (www.sinteza.ro), located in Oradea, northwestern Romania. The Romanian company Porto Petrol holds a 51.83% stake in it.
(1 euro= 3.4533 Romanian lei)