Atlas Gip posts 45% growth in business for 2007

“All companies extracting oil and gas in Romania are Atlas Gip clients, which led to an increase in the company’s profits. For 2008, we are aiming at higher growth and hope that profit will rise by at least 20 percent,” he said.

Seventy percent of Atlas Gip stock is controlled by Tender through his company Tender SA Timisoara. Another significant shareholder is financial investment company (SIF) Muntenia, with 14.5 percent of the shares.

Besides Romanian clients, Atlas Gip provides services for oil companies in Kazakhstan, Algeria, Iraq, Libya and Jordan.

The company is listed on the Bucharest Stock Exchange (BVB). Its share capital is worth €0.57 mln, while market capitalization amounts to €13.43 mln.