Aerostar Bacău yesterday announced that it has scheduled investments of 20.9 million lei for next year. The amount is 44% times higher than the one budgeted for investments in 2011, 14.5 million lei. The company, which specializes in manufacturing aircraft spare parts and aircraft maintenance, hopes that its turnover will increase 10% in 2012, from 150 million lei to 165 million lei, according to the draft revenue and expense budget approved by shareholders in the beginning of this week.
In the first nine months of this year, the company's turnover fell 3%, to 100.4 million lei, from 103.83 million lei in the similar period of last year.
The revenues estimated for next year will increase 9%, to 173.3 million lei, and expenses are expected to increase 8%, to 159.2 million lei. At the end of last year, the company was expecting revenues of 158.8 million lei and expenses of 147.5 million lei.
Also, the company has scheduled a profit of 14 million lei in 2012, up 26% over this year's net profit, of 11.2 million lei.
In the first nine months of 2011, Aerostar had a gross profit of 7.8 million lei (1.8 million Euros), up 47% over the similar period of 2010, (5.3 million lei).
The company is controlled by Iarom Bucharest, the former National Central of the Aeronautical Industry in Romania, which owns 71.09% of the shares of Aerostar, whereas SIF Moldova owns 12.16%.
Ovidiu VRÂNCEANU (Translated by Cosmin Ghidoveanu) Aerostar Bacău yesterday announced that it has scheduled investments of 20.9 million lei for next year. The amount is 44% times higher than the one budgeted for investments in 2011, 14.5 million lei. The company, which specializes in manufacturing aircraft spare parts and aircraft maintenance, hopes that its turnover will increase 10% in 2012, from 150 million lei to 165 million lei, according to the draft revenue and expens
