Astra sees 40% growth

Insurance company Astra posted revenues worth some 1,060 billion ROL (more than 26 million euros) in the first half of 2004, up 40% in ROL and 23% in euros as compared to the year-ago period. The insurer also logged gross income worth 20.9 billion ROL (over 500,000 euros) in the first six months of the year. “Our company’s evolution allows us to estimate that we will reach last year’s levels after only seven months,” said Dan Domnitanu, vice-president of Astra Asigurari. Should the same growth pace keep up until the end of the year, the company is likely to report revenues in excess of 1,800 billion ROL (45 million euros) for the year 2004. ZF