In November 2010, Titan decided the switch to a different reporting year.
Between October 1, 2009 and September 30, 2010, the company posted sales of RON235.6 million and a net profit of RON1.6 million.
In the 2011 financial year, Titan posted revenue of RON357.5 million and expenditure of RON347.8 million, according to a report posted on the Bucharest Stock Exchange.
Compared to the same interval of 2010, the company’s revenue increased by 44%, from RON247.7 million, while expenditure increased by 42%, from RON245.5 million.
In calendar year 2010, the company posted a turnover of RON260.1 million and a loss of RON348,000.
Titan has a share capital of RON40.8 million, divided into 408.4 million shares, with a face value of RON0.1. Austrian LLI Euromills Viena holds a 97.58% in the local bread maker.
Company shares were last traded on January 11, at RON0.25, up 2.88% on the day. (EUR1=RON4.327)