Exports accounted for 87% (RON153 million) of the company’s first half-year turnover, higher by 13.2% than in the same period a year before.
Europe remained Aerostar’s main market, accounting for 70% of export sales, while the Asian (5.49%), African (6.10%) and Canadian (4.97%) markets made up over 16%. In Romania, the company’s sales accounted for 13.44%, compared with 15.61% in January-June 2018.
The company’s total debts stood at RON55.6 million at the end of June 2019, up 13.7% versus December 2018, and its total assets grew 2.35% to RON498.2 million.
Investment costs within the company reached RON7.3 million in the first six months of 2019.
Aerostar Bacau has a market value of RON776.6 million after its shares grew 5.15% since the beginning of 2019, amid deals worth RON1.81 million.
Aerostar is 71.3% owned by Iarom Bucharest, regional investment fund SIF Moldova (SIF2.RO) holds over 15% of the company’s shares, and the remaining shares are distributed among other shareholders on the Bucharest Stock Exchange.