Aerostar Bacau’s profit slightly increased to RON6.2 million in the first half of 2012, from RON5.9 million during the same period of 2011.
“Out of the RON88.1 million total turnover in the first half of 2012, RON14.2 represent products and services sold on the domestic market, while RON73.8 million worth of products were sold abroad, representing 83.8% of the sales,” according to the company’s half-year report.
In the first half of 2012, revenues climbed 41% on the year to RON106.2 million (EUR24.2 million) from RON75.3 million, while expenditure rose 44% on the year, to RON96.8 million (EUR22 million) from RON67.2 million.
Late May, the company said it started work on building a new production facility in which it plans to invest 22 million lei (EUR4.9 million), of which RON8.7 million will be covered by non-reimbursable financing.
Early June, Aerostar announced it had won an $18.5 million plane overhaul contract, on a two-year period.
The company has a share capital of RON29.2 million divided into 117.1 million shares with a face value of RON0.25. It is 71.09% owned by Iarom Bucuresti, while regional investment fund SIF Moldova (SIF2. RO) holds 12.45%
Aerostar shares closed Thursday at RON1.13, up 0.89% on the day. (EUR1=RON4.6205)