“Aerostar sales exceeded RON356 million in 2016, the gross profit worth over RON65 million saw a year-on-year increase of 10%. Aerostar shares appreciated on the stock exchange, reaching a significant market capitalization at the end of 2016, with values close to a record high,” said the company’s general manager Grigore Filip.
Of its turnover, Aerostar Bacau sold products and services worth RON100 million on the local market, and the equivalent of RON255.2 million in terms of exports.
In 2016, the company’s total revenue reached RON372.8 million, from RON351.8 million in 2015, and total expenses reached RON306.9 million.
The company’s total debts reached RON72.9 million in 2016, from RON67.5 million in 2015.
Aerostar, with a market capitalization of RON514.6 million, is 71%-owned by Iarom Bucuresti, regional investment fund SIF Moldova (SIF2.RO) holds a 14.9% stake in the company, and the remaining shares are distributed among other shareholders on the local capital market.