22m-euro turnover for Stirom

Glassmaker Stirom Bucharest created around 22 million euros in turnover in the first nine months of the year, up nearly 25% on first-half year results. (The company did not file any activity reports for the first nine months of 2003.) Gross profits stood at 4.4 million euros. Company representatives made no comment on the financial results. Total revenues for the first nine months (25.3 million euros) grew at the same pace as they did in the first six months of the year, while total expenses (20.9 million euros) rose in direct proportion to revenues, according to the company report. The increase in total revenues was largely the result of higher sales in finished products, the report says. Stirom concluded first half of the year with 2.3 million euros in net profits, up from the 1.4 million euros seen at the end of June 2003; revenues grew around 38%, rising from 12.2 to 16.8 million euros. ZF