Electroaparataj triples profit

Electroaparataj S.A. Bucharest logged net profit worth some 400,000 euros in the first half of 2004, three times higher (in real terms) as compared to the corresponding period of last year. The company’s net turnover posted real growth of 7%, according to the report drafted by the company, from 6.5 million euros in January-July 2003 to 6.9 million euros in the same period of this year. Electroaparataj recorded total revenues worth 7.4 million euros, up 10% in real terms from the corresponding period of last year. The company’s total expenses went up 6%, from 6.5 million euros to 6.9m euros. ZF