Comnord 2Q 2010 key figures
Raiffeisen Capital & Investment - 2 September 2010
Constructions company Comnord (COSC) released some key financial figures for 2Q 2010. The turnover stood at RON 3.2 mn, 2.3x higher compared to the same period last year, but remained at a very low level as construction works shrunk sharply.
In spite of aggressive cost cuts, COSC posted an operating loss of RON 2.7 mn, higher 29% yoy. Helped by financial gains, COSC reported a net loss of RON 0.9 mn (vs. a net loss of RON 1.5 mn in 2Q 09). 1H 10 turnover stood at RON 13.2 mn , down 77% yoy. Comnord posted a net loss of RON 1 mn, compared to a net profit of RON 0.5 mn in the first six months of 2009.
Source: http://www.rciro.ro
Tags: comnord
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