Aerostar Bacau posted net profit of RON11.2 million in January to September, 2.6 times higher from RON4.3 million the same period in 2011, according to the company’s quarterly financial report.
Nearly 22% of this year’s turnover represents sales of products and services on the local market (RON29.5 million), and 78% of sales (RON104.5 million) comes from exports, according to the report.
Aerostar reported a 40% rise in revenues to RON161.2 million in January to September, compared to nearly RON115 million in revenues in the same period a year ago. It also reported a 36% increase in expenses to RON145 million in January to September, compared to RON107 million in the same timeframe in 2011.
Aerostar has a share capital of RON37.4 million divided into 117.1 million shares with a face value of RON0.32.
The company is 71.09% owned by Iarom Bucuresti, while regional investment fund SIF Moldova (SIF2. RO) holds 12.46%
Aerostar shares were trading early Monday at RON1.32, up 0.08% on the day. (EUR1=RON4.5236)