Titan expects a pretax profit of RON28.6 million at the end of September, the company said in a statement Friday.
In the fiscal year ended September 2011, Titan posted a net profit of RON8.2 million, fivefold higher on the year.
The company has a share capital of RON40.84 million split up into 408.48 million shares with a face value of RON0.1. Titan is majority owned by Austria’s LLI Euromils Vienna, with a 97.58% stake.
On the Bucharest bourse January 19, Titan closed flat at RON0.25 a share. (EUR1=RON4.3394)