oldid20972

UCM Resita makes profit in spite of debts

Diesel engine maker Uzina Constructoare de Masini (Machine Building Plant - UCM) Resita concluded 2002 with 31.4bn ROL ($0.9 million) in gross profit, in spite of its unpaid debts worth 1,439bn ROL ($43.6 million). Most of this amount accounts for debts to the...