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Romanian Remar 9-mo Net Profit Rises 37% - Table

Nov 11, 2008, 12:57:48 PMArticle by Kristina Belkina
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BUCHAREST (Romania), November 11 (SeeNews) – Romanian wagon manufacturer Remar reported a 37% annual rise in its nine-month net profit to 7.06 million lei ($2.4 million/1.9 million euro).

Romanian Remar 9-mo Net Profit Rises 37% - Table

The company’s shares last traded on Monday when they closed 4.26% down at 9.0 lei 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 '08 9-mo '07
NET PROFIT 7.06 5.13
GROSS PROFIT 8.42 5.54
NET TURNOVER 57.63 38.62
TOTAL REVENUE 86.12 75.55
TOTAL COSTS 77.70 70.01

Remar (www.remar.ro) is based in Pascani, northeastern Romania. The company is 88.83%-owned by Romanian railway cargo carrier Grup Feroviar Roman.

(1 euro=3.7545 Romanian lei)

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