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Bucharest
November 22, 2019
BUSINESS COMPANIES ECONOMY FINANCE&BANKING INDUSTRY

Aerostar closes Q1 with 11.06 million lei net profit

Aerostar Bacau (aeronautics and defence systems company – ed.n.) closed this year’s first semestre with a 11.06 million lei net profit, down by 33.71 pct against the one in the last year’s similar period, according to data remitted to the Bucharest Stock Exchange.

The company’s turnover dropped by 7.8 pct, from 81.132 million lei in the first three months of 2016, to 74.803 million lei.

The expenses for the investment carried out from January to March 2017 amounted to 3.040 million lei, on the decrease against the ones from last year’s similar period, of 4 million lei.

In the first trimestre of 2017, Aerostar had 2,158 employees on payroll, of whom 278 employees hired through a temporary work agent.

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