Romanian Titan Swings To RON8.2M Net Profit In 2011
Romanian grain mill products maker Titan (MPN.RO) posted a turnover of 348 million lei (EUR82.3 million) between October 1, 2010 and September 30, 2011, while net profit stood at RON8.2 million (EUR1.9 million).
In the timeframe analyzed, the company posted revenue of RON357.5 million and expenditure of RON347.8 million, according to a report posted on the Bucharest Stock Exchange.
In November 2010, Titan decided the switch to a different reporting year.
In calendar year 2010, the company posted a turnover of RON260.1 million and a loss of RON348,000.
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