Romania: Bere Azuga announces a 81 times higher profit for 2006 year-on-year

“Bere Azuga”, listed on Rasdaq, announced a 1.4 mil lei (414,000 Euros) profit in 2006 which is 81 times higher than in 2005, Daily Business reported April 27.

“The rise was due to 75% penalties reduction after the tax payments to Finance Ministry”, Eugenia Cernei, company’s Economic Director, said in a statement. Debt payments constituted 3.3 mil lei (998,000 Euros).

Bere Azuga also announced a turnover of 18.9 mil lei (5.36 mil Euros) in 2006, 8.5% down from 2005, when the turnover totalled 20.67 mil lei (5.7 mil Euros).

Company’s total Equity constitutes 5.88 mil lei (1.77 mil Euros), divided in 2.35 mil shares of 2.50 lei each. The main shareholder is Valeriu Moraru with 52.36%. Rombas Trans International has 20.09% and Friederich Ipsen – 12.81%.