Romanian Aerostar Plans To Invest RON21M In 2012
Romanian plane parts maker Aerostar (ARS.RO) on Tuesday said it plans to invest 20.9 million lei (EUR4.8 million) in 2012, up 44% from RON14.5 million, the amount estimated for this year.
The company’s budget for 2012 also includes expectations of a 10% increase in turnover, to RON165 million, from RON150 million this year.
In the first nine months of 2011, the company’s sales dropped 3% to RON100.4 million, from RON103.83 million in the year-earlier period.
Revenue is expected to increase by 9% next year, to RON173.3 million, while expenditure is seen wider by 8%, at RON159.2 million.
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