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Romania's Remarul 16 Februarie turns to loss in Jan-Sept - table

Nov 21, 2012, 12:01:08 PMArticle by Mariya Stanimirova
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November 21 (SeeNews) - Romanian railway and tram engine producer Remarul 16 Februarie [BSE:REFE] said it swung to a net loss of 1.3 million lei ($370,000/290,000 euro) in the first nine months of 2012 from a net profit of 4.0 million lei a year earlier.

Romania's Remarul 16 Februarie turns to loss in Jan-Sept - table

Following are figures from the company's income statement, sent last week to the the over-the-counter market RASDAQ (in millions of lei):

Jan-Sept’12 Jan-Sept’11
Net profit -1.3 4.0
Gross profit -1.3 4.2
Net turnover 28.4 58.8
Total revenue 31.3 63.9
Total costs 32.6 59.6

(1 euro = 4.5335 Romanian lei)

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