Company officials were not immediately available to comment on the rise in profit.
Socep shares last traded 3.45% at 0.3 lei by 1039 GMT on Thursday on the Bucharest Stock Exchange (BVB), where the company is listed.
Following are figures from Socep's income statement filed with the BVB (in millions of lei):
Jan-Sept'08 | Jan-Sept'07 | |
NET PROFIT | 6.91 | 1.99 |
PRE-TAX PROFIT | 8.13 | 2.37 |
NET TURNOVER | 45.15 | 30.78 |
TOTAL REVENUE | 47.09 | 31.95 |
TOTAL COSTS | 38.96 | 29.58 |
BVB data showed that as of July 21 Romania's DD Group held 31.31% of Socep, private investor Samara Stere owned 10.51%, and other investors owned the balance.
The company has projected a pre-tax profit of 4.1 million lei for 2008, up from the 3.8 million lei it reported for last year. It said earlier it planned to invest 5.3 million lei in 2008.
Socep (www.socep.ro) operates in the Romanian Black Sea port city of Constanta. It employs 630.
(1 euro = 3.6357 Romanian lei)