If you can see this message, your browser does not support canvas and needs an update. Sorry. :(
Wednesday, November 22, 2017 
Market Status: CLOSE
About us and Governance Investor Relations Contact
Advanced search

Market News


ALTUR S.A. - ALT

2017 H1 financial results

Release Date: 8/14/2017 7:07:07 PM

IRIS Code: 8AA16

                  

 

 

 

 

 

               

                                           

                                                       Half-Yearly Report – 2017

I  Half-year

According to Regulation C.N.V.M 1/2006, Law no. 24/2017 and

Law no. 297/2004

Report date  : 14.08.2017

 

 

 

  Name of issuing company: ALTUR SA

 Headquarters: Slatina, Str. Pitesti, No.114, County Olt

Phone/fax numbers : 0249/436834;0249/436037

Unique registration code at  ORC: R 1520249

Order number in the Trade Register : J28/131/1991

Shares capital subscribed and paid  up : 82.438.833,8 lei

Shares no./nominal value : 824.388.338 shares with nominal value of   0,1 ron/share

Reglemented market on which issued real estate assets are

transactioned, BVB , standard category     

 

 

       Ch. I Financial –economical situation

         1.1. Presentation of an analysis of current economic and financial situation comparative to the same period of last year , referring at least to :

a)     Elements of balance sheet

 

Crt.

No.

         Chapter

U/M

(formula)

 I Half Year

2016

I Half Year

 2017

1

Cash and other available liquidities

 

Lei

858.898

 

640.478

2

Fixed assets

Lei

76.288.232

60.110.295

3

Current assets

Lei

62.889.287

72.700.346

4

Total assets

Lei

139.177.519

132.810.641

5

Current liabilities

Lei

52.115.486

57.999.785

6

Turnover

Lei

45.230.418

49.374.031

7

Total incomes

Lei

47.523.759

71.166.745

8

Rough profit/loss()

Lei

(2.106.041)

3.521.504

9

Rate of rough profit

(8)*100/(6)

      (%)

 

-

 

7,13

10

Net degree of insurance  for financial availabilities

(1)*100/(3)

        (%)

1,37

0,88

 

11

       Report

 Current assets

Fixed assets

 

(3)*100/(2)

     (%)

 

87

 

 

 

120,9

12

Rotation number of total active

2*(6)/(4)

0,65

0,74

13

Rate of intangible assets

(2)*100/(4)

     (%)

54,81

45,26

14

Average profit for 1 ron total income

  (8)/(7)

-

0,049

15

Liabilities  ratio in total Liabilities

(5)*100/(4)

     (%)

37,44

43,67

 

Fixed assets represent  45,26% from company assets . Value of fixed assets at 30.06.2017 is of  60.110.295 ron, smaller by 26,91% compare to the same period of  2016.

Current assets represent  54,74%  from company assets and are made of  :

-         Stocks that represent 36,93% from current assets and  20,21%  total assets of the company

-         Financial claims represent 61,53% from current assets and  33,68% from company assets.  In case of financial debts commercial claims have the majority ( customers  payment not done), which represent  46,11%  from the total of financial debts.

-         Cash and cash equivalent in amount of 640.478 ron represent    0,88%from the value of current assets . Total debts of company are in amount of 62.619.326lei and represent 47,15% from company fixed assets.

Commercial debts represent   37,38% from total debts.

b)Elements of the profit and losses account 

          Costs elements of   minimum 20% from total income

                                                                                                              - ron -

Crt. No

        Chapter

First Half Year

2016

First Half Year

2017

1.

Turnover

45.230.418

49.374.031

2.

Total income

47.523.759

71.166.745

3.

Cost with raw material

23.695.125

24.526.221

4.

Costs for personnel

11.813.730

13.843.670

 

Turnover has increased by 9,16 %  in first half of  2017 compared to the same period of   2016, having the following main causes : entering to serial production of references with a high degree of value adding ; increase of Al. alloys quotation ( LME) in the first half year from 2017 compared to first half year of   2016;  increase of products demands at main customers.

Exploitation loss was generated mainly by costs occurred as result of complex processes of manufacturing preparing, of release, launching in pre-series  for new products , which entered manufacturing in the first half year or will go to serial production  in the second half year of 2017 , as well as influences from the costs with workforce .

                                                                                      

In the first half year of   2017,Altur SA did not sell and did not stop any segment of activity  and  no such events are foreseen for the future       

 

c)Cash-flow

 

Crt. No

        Chapter

First Half Year

2016

First Half Year

2017

Crt. No

1.

Own capitals

63.121.194

66.622.629

66.642.699

2.

Long term debts

15.469.663

20.439.404

8.168.157

3.

Net fixed assets

75.364.316

76.288.232

60.110.295

4.

Working fund

3.226.541

10.773.801

14.700.561

5.

Stocks

27.823.712

26.380.270

26.844.708

6.

Receivables

32.103.487

35.184.438

44.730.933

7.

Exploitation debts

57.496.400

52.115.486

57.999.785

8.

Regularization  accounts

498.837

465.681

484.227

9.

Need of working fund

2.929.636

9.914.903

14.060.083

10.

Net treasury

296.905

858.898

640.478

11.

Cash-flow

(1.347.612)

(785.619)

343.573

*Financial debts on long term include also advanced incomes.  

* Regularization accounts represent debts registered in advance.  

 

 

Chap. II ACTIVITY ANALYSIS    ALTUR S.A

 

    2.1. Presentation and analysis of tendencies, elements, events or incertitude factors , which affect or can affect company liquidity.   

 

Cr No.

         

        Indicator

Half-year I

2016

Half –year  I

2017

1

        Liquidity rate

  Current assets

        Current debts

 

 

1,21

 

 

1,25

2

Restrained liquidity rate

Financial disp+ receivables

      Current debts

 

 

0,69

 

 

0,78

3

Rate of immediate liquidity

0,016

0,011

 

No events are foreseen that can affect the company liquidity.

 

2.2. Presentation and analysis on the company financial situation, of all costs of capital, current or anticipated.

 

 Crt No

       Chapter

U/M

(formula)

Half-year I

2016

Half –year  I

2017

1.

Turnover

lei

45.230.418

49.374.031

2.

Net profit

lei

(2.106.041)

3.521.504

3.

Rough profit

lei

(2.106.041)

3.521.504

4.

Exploitation profit

lei

549.211

(930.696)

5.

Total Assets

lei

139.177.519

132.810.641

6.

Total fixed assets

lei

76.288.232

60.110.295

7.

 Own Capital

lei

66.622.629

66.642.699

8.

Stocks

lei

26.380.270

26.844.708

9.

Receivables

lei

35.184.438

44.730.933

10.

Reference date

lei

30.06.2016

30.06.2017

11.

Shares price on the market

lei

0,0372

0,0392

12.

Shares’ nominal value

lei

0,1

0,1

13.

Stocks rotation

2*(1)/(8)

3

4

14.

Average period of collecting receivables

181*(9)/(1)

(days )

141

164

15.

Rotation of fixed assets 

2*(1)/(6)

1,19

1,64

16.

Rotation of total  assets

2*(1)/(5)

0,65

0,74

17.

Net profit rate

(2)*100/(1)

-

7,13

18.

Gain  power  

2*(4)*100/(5)

(%)

0,79

(1,4)

19.

Profitability of total assets

2*(2)*100/(5)

(%)

-

5,3

20.

Rate of Financial profitability

2*(3)*100/(7)

(%)

-

10,57

21.

Coefficient of  market capitalization at the reference date

5676145*(11)

6458054*(11)

 

211.152,59

240.239,61

222.504,88

253.155,72

22.

Ratio market value   book value at reference date

(11)*100/(12)

(%)

37,2

39,2

 

     In the first half-year of  2017,  investments implemented resulting in  technological installations necessary for the production process are in amount of 4.363.515 lei and  buildings rehabilitation in amount of  39.682 lei.

      In the same period of 2016, investments were in amount of   9.369.275 lei representing technological equipments necessary for the manufacturing process

       2.3. Presentation and analysis of events, transactions, economical changes that affect significantly the incomes from the main activity.

        ALTUR SA Slatina runs its activity without any major risk issues, although the world economic crisis has continued, this being seen also in our activity field.   

   

      Chap. III.  CHANGES THAT AFFECT THE SHARES CAPITAL AND ADMINISTRATION OF THE COMMERCIAL COMPANY

 

      3.1. Description of the cases in which the company has been in impossibility to observe its financial obligation during the respective period  

     Company politics regarding the liquidities is to maintain sufficient liquidity resources to fulfill the obligations as these become   outstanding.

                                                                                 

     3.2. Description of any modification regarding the rights of the owners of real estates, issued by the company.    

Share Capital of  ALTUR SA Slatina is of  82.438.833,80 lei, divided into   824.388.338 shares with nominal value of  0,1 lei/share .

        Synthetic consolidated structure of financial instruments holders at 30.06.2017 is presented like this :

 

Owner name

Number of shares

            Percent (%)

SC MECANICA ROTES TARGOVISTE

232.068.388

28,1504

SC CELULE ELECTRICE S.A. BAILESTI

122.122.708

14,8137

ROMANIAN INVESTMENT FUND

108.373.500

13,1459

OTHER LEGAL OR PRIVATE PERSONS 

361.823.742

43,8900

TOTAL

        824.388.338

                  100 %

 

Financial information from current half-yearly report were not audited.   

 

     Annexes:

    Financial situation at 30 June 2017 according to Order of Public Finances Minister no.  2844/2016 for approval of accounting regulations according to International Standards of Financial Reporting, respectively:  

             - Report of current assets, debts and own capitals on 30.06.2017

             - Report of incomes and expenses on  30.06.2017

             - Informative data on 30.06.2017

            -  Financial reports according to IFRS-including explicative notes on 30.06.2017 

           -  Administrators statement.

   

President of Administration Board

Dipl.Eng .Nitu Rizea Gheorghe

 

                                                                                

 General Manager

Dipl. Ec. Burca Sergiu

 

     

   Head of Financial Dept    

  Ec. Predut Vasile-Cornel

 

   Legal Office –Capital Market

 att. Gunaru Maria                                                                                                                

 



 Print

Information provided by IRIS, the news platform of the Bucharest Stock Exchange.

______________________

Bucharest Stock Exchange ("BVB") is not responsible for the content of this News item. Issuers whose financial instruments are traded on markets operated by BVB are required to report in accordance with current legal and regulatory provisions. BVB publishes these Reports as market administrator, appointed by ASF. When, for investors’ information, Reports are published, either signed by different persons, or with conflicting information, legal liability lies fully with the signatories. BVB disclaims any obligation or responsibility towards issuers or third parties, regarding the reality, completeness and accuracy of information provided by them and distributed by BVB. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.


©2016 Bucharest Stock Exchange. All rights reserved