80% H1 growth for Romexterra Leasing

Romexterra Leasing funded contracts with a total value of 14.5 million euros in the six months to June 30, over 80% more than in the same period last year when total funding reached 8 million euros, said company chairman Cornel Coca Constantinescu. “We intend to double our portfolio to at least 25 million euros by the end of the year,” he added. Romexterra Leasing”s half-year turnover climbed to 9.5 million euros, already higher than for the whole of last year, while gross profits amounted to nearly 700,000 euros, twice the amount for the corresponding period of 2004. The company wants to develop project financing, with an emphasis on petroleum drilling equipment. Some 80-85% of all contacts signed in 2005 were for such projects, with the remaining 15-20% for vehicles. ZF