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Nov 13, 2007 16:40 EEST
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):
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)
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