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Romania's Electromagnetica 9-mo Net Profit More Than Doubles - Table

Nov 6, 2008, 11:02:43 AMArticle by Nikolay Yotov
share
November 6 (SeeNews) - Romanian electric and electronic equipment manufacturer Electromagnetica reported a nine-month net profit of some 19.88 million lei ($7.0 million/5.4 million euro), more than double what it earned in the same period of 2007.

Romania's Electromagnetica 9-mo Net Profit More Than Doubles - Table

Turnover increased by 53%, the company said in a release posted on its website late on Wednesday.

Electromagnetica's shares last traded at 0.44 lei on the RASDAQ over-the-counter market by 0834 GMT on Thursday, 3.3% down.

Following are figures from the company's income statement, (in millions of lei):

9-mo'08 9-mo'07
NET PROFIT 19.878 9.245
NET TURNOVER 281.5 183.74
TOTAL REVENUE 284.84 187.6
TOTAL COSTS 261.4 176.65

Electromagnetica (www.electromagnetica.ro) manufactures measuring, checking, testing and navigation equipment.

(1 euro = 3.6941 Romanian lei)

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