For 2014, Aerostar expects 6.3% higher revenues to RON232 million and costs of RON213.5 million, while its pretax profit is envisaged at RON18.6 million, compared to this year’s forecast of RON19 million, according to the company’s revenue and expenditure budget approved Thursday.
The company’s revenue and expenditure budget for 2013 stipulates revenues of RON218.3 million and costs of RON199.2 million this year.
Aerostar targets investments of RON35 million in 2014, compared to RON25.7 million envisaged for 2013.
The company reported operating revenue of RON150.3 million in the first nine months of 2013, slightly lower from RON151.6 million in the year-earlier period. Its net profit fell 12% on the year to RON10.5 million in January-September 2013, from RON12 million in the year-earlier period.
Aerostar is 71.09%-owned by Iarom Bucuresti. Regional investment fund SIF Moldova (SIF2.RO) holds 14.55% in the company.
On the Bucharest Stock Exchange Tuesday, Aerostar traded down 0.25%, at RON1.606 a share.