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Romanian Fuel Injection Maker Mefin Turns to 9-mo Net Loss - Table

Nov 14, 2008, 1:20:25 PMArticle by Nikolay Yotov
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November 14 (SeeNews) - Mefin, a Romanian producer of diesel fuel injection systems, said on Friday it turned to a nine-month net loss of 93,300 lei ($31,600/24,800 euro) from a net profit of 506,100 lei a year earlier.

Romanian Fuel Injection Maker Mefin Turns to 9-mo Net Loss - Table

Mefin has said it expects to turn to a 3.6 million lei loss in 2008 from a gross profit of 94,000 lei last year.

Company shares last traded 14.4% up at 1.43 lei at 0800 GMT on the Bucharest Stock Exchange, BVB.

Following are figures from the company’s statement filed with the BVB, before the start of the trading hours (in millions of lei):

9-mo'08 9-mo'07
NET PROFIT/LOSS -0.093 0.506
TURNOVER 20.127 20.917
TOTAL REVENUE 23.348 22.82
TOTAL COSTS 23.44 22.215


Mefin (www.mefinsinaia.ro), based in Sinaia, central Romania, is majority owned by DCI Walbridge Partners Ltd., part of Detroit-based automobile industry supplier Walbridge Group.

(1 euro = 3.7614 Romanian lei)

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