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%.