Albania raises revenue f'cast in 2024 budget revision
GGF lends 50 mln euro to UniCredit Serbia for green projects
Opportunity Bulgaria Investment gets nod for bond IPO
Croatia's Istarska Kreditna Banka to propose higher dividend for 2023
N. Macedonia's Skopje Sever offered for sale again at discount
Dec 21, 2009 13:47 EEST
December 21 (SeeNews) - Romanian abrasive materials producer Carbochim raised its gross profit forecast for this year to 386,125 lei ($131,000/92,000 euro) from 140,840 lei projected earlier due to lower-than expected costs, the company said on Monday.
Carbochim's gross profit rose more than four times to 924,000 lei last year.
The company’s shareholders approved a decrease in this year’s total costs target to 22.68 million lei from 23.25 million lei projected earlier, Carbochim said in a statement issued after a shareholders' meeting. Total revenue was slightly cut to 23.07million lei from 23.39 million lei projected earlier.
The company also cut its turnover target to 24.08 million lei from 23 million lei forecast earlier. The investments planned for 2009 were cut in half to 1.3 million lei.
Carbochim’s shares, listed on the Bucharest Stock Exchange, are suspended from trading due to the shareholders’ meeting held earlier on Monday. They last traded 3.7% up at 2.8 lei on December 17 and will resume trading on Tuesday.
(1 euro = 4.2137 Romanian lei)
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options