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Romania
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Fortenova sells agri unit to Podravka for 333 mln euro
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Romanian steel mill Mechel Targoviste cuts 9-mo net loss by 13% - table

Nov 15, 2012, 4:35:13 PMArticle by Mariya Stanimirova
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November 15 (SeeNews) - The net loss of Romanian steel mill Mechel Targoviste [BSE:COS] decreased to 78 million lei ($21.9 million/17.2 million euro) through September 2012 from 89.2 million lei a year earlier, bourse data showed.

Romanian steel mill Mechel Targoviste cuts 9-mo net loss by 13% - table

Following are figures from the company's income statement filed to the Bucharest Stock Exchange on Wednesday (in millions of lei):

Jan-Sept’12 Jan-Sept’11
Net loss 78.0 89.2
Gross loss 78.0 89.2
Net turnover 773.2 856.4
Total revenue 749.2 964.5
Total costs 827.2 1,053.7

(1 euro = 4.5426 Romanian lei)

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