Imsat in the black

Imsat Bucharest has seen net profit and turnover soar in the first quarter of 2003. The company’s sales have doubled to $11 million and profit increased seven times, from 15,000 dollars to 118,000 dollars. Imsat practically equaled last year’s profit in only one quarter. “This is an atypical year. Usually, Imsat operations are affected by the seasonal character. This year, however, due to works on the cement plants in Jordan, Honduras and Alesd, things have changed,” says Imsat chairman Stefan Varfalvi. Imsat operates in diverse areas: telecom constructions, voice-data networks and video transmission, security and access control systems, automation and electrical equipment for industrial applications and railroads. ZF