Astra sees 23,000- euro losses in Q3

Astra Asigurari concluded the third quarter of last year with some 23,000-euro losses, according to RASDAQ. Whereas it had made profit of 80,000 euros at the end of the first half of 2005, due to investments, nine months into the year the insurers” profits had gone down to 57,000 euros. The company made more than 41.4 million euros (149.9 million RON) in total revenues and spent some 41.35 million euros (149.7 million RON). Astra made some 30,000-euro losses from its insurance business in the third quarter of 2005. Therefore the nine-month loss generated by the insurance business amounted to some 108,000 euros (391,436 RON). General insurance generated losses of more than 28,400 euros (103,154 RON) in the first nine months, while life insurance generated losses of some 79,600 euros (288,282 RON). General insurance-related losses amounted to some 530,000 euros (2.15 million RON) in 2004, while life insurance generated 165,000-euro (more than 671,000 RON) losses. ZF