It said its turnover grew 17.4% on the year in the first quarter, to RON96 million.
Export sales totaled RON85.6 million, or 89.1% of all sales, while sales of products and services on the domestic market totaled RON10.4 million in the first quarter, or 10.8%.
Europe remained Aerostar’s main market, receiving over 70% of its exports, while markets in Asia, Africa and Canada accounted for 16%.
The company’s total debt stood at RON65.3 million end-March, up 33% compared with end-2018.
Its total assets stood at RON516.8 million, up 6.1% from end-2018.
Shareholders approved in April gross dividends of RON0.108/share out of the RON16.4 million distributed from the 2018 net profit, the equivalent of a yield of 2.18%.
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.