December 7 (SeeNews) - Romanian seasonings producer Vinalcool Arges reported on Friday a slump in its nine-month net profit to 29,869 lei ($12,460/8,500 euro) from 851,411 lei a year earlier as costs rose faster than revenues.
Company officials were not immediately available to comment.
Following is data from the company's nine-month income statement, filed with the over-the-counter market RASDAQ, where it is listed (in millions of lei):
|
|
9-mo'07 |
9-mo'06 |
| NET PROFIT |
0.03 |
0.85 |
| GROSS PROFIT |
0.06 |
1.02 |
| TURNOVER |
5.13 |
4.426 |
| TOTAL REVENUE |
5.88 |
4.37 |
| TOTAL COSTS |
5.82 |
3.35 |
Vinalcool shares last traded at 0.14 lei, 7.69% up on Thursday. Friday trading data was not available.
Vinalcool Arges is based in the city of Pitesti, southern Romania.
(1 euro = 3.5129 Romanian lei)