Inscut business to reach almost 7m euros

Inscut, a company operating in the field of constructions and of sales of constructions equipment, estimates a 15% increase in turnover for this year, to 6.7 million euros, according to company officials. Diekat, one of the biggest Greek construction companies, owns the controlling stake of Inscut Bucharest. “The drive behind the growth of Inscut”s business will be the sales of construction equipment, which will account for 40% of the company”s revenues this year,” Stefan Dumitru, financial manager of Inscut, told ZF. The company last year posted a net profit of 100,500 RON (27,700 euros), with a turnover of 5,8 million euros, according to Inscut officials. The profit for 2004 and 2005 will be distributed exclusively through dividends to the company”s shareholders,” adds Dumitru. Inscut”s net profit for 2004 stood at 121,000 RON (some 30,000 euros). Inscut Bucharest is 79.45% owned by Diekat International Limited, with the remaining 20.55% being controlled by other shareholders, who do not own more than 5% each. ZF