Overall costs are expected to rise 6% to RON191 million, according to the company’s revenue and expenditure budget for 2013.
Vrancart forecasts a pretax profit of RON7 billion in 2013, up from RON6.2 million in the previous year.
The is majority owned by regional investment fund SIF Banat-Crisana (SIF1.RO), with a 74.7% stake.
Vrancart plans to use part of its profits made in 2011 and 2012 to increase its share capital by RON6.82 million to RON86.3 million
The company will issue roughly 68.2 million new shares with a face value of RON0.1 to be distributed free of charge to its existing shareholders.
At around 3:10 pm Thursday, Vrancart traded up 0.14% at RON0.0739 a share. (EUR1=RON4.3747)