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Cocor nets $2m

Cocor SA, the owner and manager of the Cocor store in Bucharest, last year posted turnover worth 145 billion ROL ($4.4m), more than twice the value logged in 2001, Aurel Besliu, the company's chairman told Ziarul Financiar. Net profit amounted to 69bn ROL (over $2m), accounting for a 30% increase since last year

Ziarul Financiar · 27 martie 2003 · 1 min de citit

Cocor SA, the owner and manager of the Cocor store in Bucharest, last year posted turnover worth 145 billion ROL ($4.4m), more than twice the value logged in 2001, Aurel Besliu, the company’s chairman told Ziarul Financiar. Net profit amounted to 69bn ROL (over $2m), accounting for a 30% increase since last year. According to the company chairman, the bulk of revenues come from financial transactions. “We could have posted a much higher net profit, but it does not look good when profit is bigger than capital, so we postponed a significant transaction for this year,” Besliu explained. ZF



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