The company’s net profit rose to RON1.25 million in January-September, from RON777,000 in the same interval in 2013.
IAR’s turnover doubled to RON29.2 million in the mentioned period, from RON14.9 million in January-September 2013.
Airbus Helicopters, part of European multinational aerospace and defense corporation Airbus, asked IAR Ghimbav (IARV.RO) for an additional 1.2-hectare land plot, beside the 1.5-hectare plot already approved, to develop the manufacturing of Super Puma MK1 helicopters in Brasov (central Romania).
Following Airbus’ request, IAR Ghimbav Executive Board approved a decision to put at the disposal of Vadstena SRL, a company set up by Airbus Helicopters in Romania, an additional land plot of 12.012 square meters, based on a superficies contract. Airbus’ proposition is to be discussed by IAR Ghimbav shareholders at a meeting due end November.
In September 2014, Romanian Economy Minister Constantin Nita and Airbus CEO Guillaume Faury concluded a memorandum of understanding with Airbus Helicopters enabling IAR Brasov to take part in the manufacturing of Super Puma MK1 helicopters.
IAR Brasov is 64.9% controlled by the Romanian state, via the Economy Ministry.
Monday in Bucharest, IAR Ghimbav traded down 7.65% at RON1.533 a share.