Samus Mex sees $16.5m revenues

Dej-based furniture producer Samus Mex, member of the Mobexpert Group posted 446bn ROL ($13.5 million) turnover last year, up 22% from the previous year. It estimates to make 610.36bn ROL ($16.5 million) turnover and nearly 60bn ROL gross profit in 2003, compared with the 32bn ROL in 2002. The company’s annual report filed with RASDAQ shows “the higher profit projected will be achieved by a slight revenue increase and by significant cost cutting.” Last year’s results will allow Samus Mex to pay nearly 19bn ROL in dividends, that is 874.2 ROL/share in gross dividend. It will also set aside nearly 9bn ROL out of the 29.3bn ROL net profit for investments. Samus Mex, one of the largest furniture factories in Romania specialises in home furniture (living rooms, bedrooms etc.). Market surveys mentioned by Mobexpert show that one in ten homes in France (the company’s best market) is fitted out with Samus Mex products. ZF