Electromagnetica reported a net profit of 14.58 million lei in the first nine months of 2012, down 14.4% YOY, and a net turnover of 327.1 million lei, down 15.26% over last year's similar period.
The company's own equity increased 4.41%, to 281 million lei and it accounts for 85.7% of the total assets.
* The company sold over 9 million lei worth of LED lighting products
Lighting appliances with LEDs, the newest products launched by "Electromagnetica" have generated sales of 9.9 million lei, in the first three quarters of this year.
The production of electricity from renewable sources and the production of LED-lighting systems, in the development of which it has invested significantly over the last years, have seen the most important increases in turnover compared to the first 9 months of 2011, the report also states.
In the first nine months of the current year, revenues from the sale of LED lighting systems have reached 9.9 million lei, up 160% over the similar period of last year, and those pertaining to the production of electricity amounted to 6.09 million lei, up 77% over the similar period of 2011, and the weight of green certificates in the revenues from renewable energy increased from 42% to 71%.
Eugen Scheuşan, the CEO of the company said: "Without a doubt, lighting devices which use LED technology are beginning to be successful in Romania as well, even though, at the moment, we are selling almost exclusively to the private sector". He mentioned that in order to benefit from the accelerated worldwide growth of the LED technology, the entire R&D development capabilities have been mobilized, and he went on to say: "Results so far give us the confidence that it won't be long before the production of LED lighting appliances will match and surpass our traditional production segments".
* Turnover on the electricity supp
