Metizi Posts 333,000 Leva Net Non-Consolidated Profit In H1

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Metizi AD Roman () posted net non-consolidated profit in the amount of 333,000 leva (170,260 euros) in H1, shows the company's report filed with the BSE. The company had reported profit in the amount of 94,000 leva (48,061 euros) in 2006 H1.

Net sales revenues stand at 6.855 m leva (3.504 m euros), up from 3.98 m leva (2.034 m euros) a year ago.

Costs on economic elements grew 75.15% to 6.505 m leva (3.326 m euros).

As of end of June 2007, Metizi controls assets in the amount of 52.319 m leva (26.750 m euros), up from 51.481 m leva (26.321 m euros) a year ago.

The company increased capital from 500,137 leva (255,715 euros) to 7 502 055 leva (3 835 739 euros) using own funds. Towards the end of the period concerned, Metizi's own capital stands at 46.092 m leva (23.566 m euros).

Metizi AD's core activity is the production of steel wires and wire ropes. There have been no transactions involving the company's stock so far today on the BSE, bids are at 5.25 leva, and asks at 5.999 leva.

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