Romania Mecanica Ceahlau 2011 Net Profit Triples To RON7.3M
Romanian agricultural machinery producer Mecanica Ceahlau (MECF.RO) Friday said its net profit more than tripled to 7.27 million lei (EUR1.7 million) in 2011, fueled by higher sales, according to the company’s preliminary financial report.
In 2010, the company posted net profit of RON2.22 million.
Mecanica Ceahlau said total sales rose 35.7% on the year to RON30.1 million in 2011.
Revenues were up 39.5% to RON30.8 million, while costs increased 16.5% to RON23.1 million.
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