Comelf registered gross profit of nearly RON3.7 million and total revenues of RON160.7 million in 2013.
The company’s expenses are seen rising 12% to nearly RON176 million in 2014, from RON157.4 million a year ago.
Comelf targets investments of nearly EUR5.5 million this year, of which, a little over EUR5 million will be earmarked for the implementation of a project based on European Union funds. The project targets “fundamental changes to manufacturing flows and the introduction of new technologies aimed at increasing productivity and competitiveness on the local and external markets.”
The company’s shareholders also approved Thursday the payment of total dividends worth around RON2.6 million from the 2013 net profit.
Comelf’s main shareholder is Uzinsider Bucuresti, with a 77.57% stake.
On the Bucharest stock market Wednesday, Comelf traded up 14.64% at RON1.949 a share. (EUR1=RON4.4625)