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Turbomecanica cuts losses fivefold in Q1

Publicat la 30.04.2009, 13:22:00

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Turbomecanica cuts losses fivefold in Q1
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Turbomecanica posted losses worth RON 5.97 mln in the first three months of 2008. The company’s business increased to RON 9.86 mln (€2.31 mln) in Q1 2009, from the RON 8.54 mln level registered in Q1 2008.

Turbomecanica Bucharest expects a net profit worth RON 545,400 for the whole of 2009, compared to the RON 28.9 mln losses registered last year, and estimates revenues will slide 3.6 percent, according to the revenue and expense budget approved by shareholders. (NewsIn)
 

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