Unisem aims for 10m euro revenues

Seeds maker Unisem Bucharest intends to see its net profit increase by nearly 60% to 161,000 euros (5.9bn ROL). The company has budgeted total revenues of 9.9 million euros (362bn ROL) for this year and 9.7 million euro (355bn ROL) expenses, according to its latest filing with RASDAQ. Its shareholders also approved the making of 0.7 million euro (26bn ROL) investments this year. The company officials could not be reached for more details. Unisem Bucharest made 100,000 euro (4.2bn ROL) net profit in 2004, nearly four times higher than in 2003. The turnover rose 7.3% to 9.16 million euros (371.4bn ROL) last year. Unisem shareholders decided to allocate 1.5bn ROL, 36% of the 2004 net profit for dividends. The gross dividend the company will disburse will amount to 6 ROL/share. ZF