Andronescu plans to see 34% higher turnover at Sanador

The Sanador clinic network, a business developed by businessman Florin Andronescu, founder of the Flanco and Credisson businesses, posted an 11.42 million-RON (2.7 million-euro) turnover in the first three months of this year, up 55% against the 7.57 million RON (2 million euros) recorded in the similar period of last year. The company’s net profit was down 3.5%, to 0.81 million RON (0.19 million euros) in the same period. “Our profit was affected by the investments we made. For instance, we invested around 150,000 euros in a clinic in Baneasa in the second half of last year, but we also invested in equipment,” said Florin Andronescu, Sanador’s business developer. The company’s overall investments conducted last year amounted to 2 million euros. For 2009, Sanador budgeted a 34% business increase and a 10-15% net profit rise. In 2008, Sanador posted a 34.5 million-RON (9.4 million-euro) turnover, 52% more than the 22.65 million RON (6.8 million euros) recorded in 2007. The net profit of the clinic network amounted to 0.9 million RON (0.24 million euros) last year, compared with 0.75 million RON (0.22 million euros) in 2007.