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April 15, 2021

IAR Brasov H1 net profit down 44.8 pct to 16.8 ml lei

State-owned aircraft repair and maintenance company IAR Brasov posted over 16.8 ml lei in H1 2016 net profit, down 44.8 pct from the same period of the year before, informs a report posted on the website of the Bucharest Stock Exchange (BVB).

The company’s turnover was over 55.3 million lei in H1, 27.5 percent more than the figure reported for January – June 2015.

The operating income amounted to over 66.1 million lei, operating expenses stood at 48.1 million lei, while the financial income decreased 85.8 percent from H1 2015 to 1.94 million lei.

The company’s total revenues stood at over 68 million lei in H1 2016, up from 66 million in H1 2015, while total expenditures amounted to over 48.5 million lei, up 41.3 percent YoY.

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