Stock exchange PERs improve following 2007 financial results

The PER (Price-to-Earnings Ratio) index, calculated on the basis of last week’s share price and 2007 financial results, is significantly lower than in 2006. The lowest PER of a company listed on BVB is 1.73 (chemical products producer Azomures) and 1,580 (textile producer Siretul Pascani).

The PER index means the time needed to recover the investment in shares from the stock issuer’s profit. Low PERs are favorable for investors.

Of the 61 companies listed on BVB, 42 have already posted financial results. Their cumulated profit rose 26.7 percent year-on-year, up to €580.2 million, while their turnover totaled €7.47 billion, 32.3 percent higher than in 2006.