Aerostar experiences turbulence

Profits posted by aeronautic group Aerostar Bacau in Q1, 2004 were ten times smaller than during the same period last year. Aerostar logged one billion ROL (25,600 euros) net profit, down from 12.6bn ROL (0.3m euros) in Q1, 2003. The company’s turnover went up 10% in ROL, to 229bn ROL (5.6m euros). Aerostar anticipates profits of 59.5bn ROL (1.4m euros) for 2004, with turnover set to climb to 847bn ROL (21m euros). ZF