Aerostar Bacau posts 25% drop in profits

Aircraft producer Aerostar Bacau posted €10.5 million in net profits in 2007, 25 percent lower year-on-year, while is turnover was idle, at €38.56 mln.

Aerostar’s income totaled €39.57 mln, 2.2 percent lower than in 2006, while expenditures rose 2.5 percent, up to some €132.3 mln.

The company also reduced debt by 14 percent in 2007, down to €7.03 mln.