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Tuesday, November 21, 2017 
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ELECTROPUTERE S.A. - EPT

2017 H1 financial results

Release Date: 8/16/2017 7:00:04 PM

IRIS Code: 9DA82

Report as of June 30, 2017

under Regulation C.N.V.M. / A.S.F. no. 1/2006

 

S.C. ELECTROPUTERE S.A.  is an entity set up under the Romanian law. The Entity was initially established in 1949, having its main business purpose the manufacturing of electro technical equipment of high currents for energy sector and railway transport, and initially structured in four main production sectors: rotate motors, power transformers, electrical devices and locomotives.

Electroputere S.A. was privatized in October 2007, Al-Arrab Contracting Company Limited being the major shareholder.

The address of the registered office of the Company is: Craiova, Bucharest Street, no 80.

The main categories of products of the Entity are: power transformers, rotate electrical engines, repairs and upgrades to equipment and installations.  

As of June 30, 2017 the Entity registered total income in amount of 46,468,694 RON, from which 36,233,009 RON Power Transformers BU, 9,862,860 RON Rotate Electrical Engines BU and 372,825 RON Others, representing an increase with 4,8% from the incomes booked in the same period of the last year, and a loss of (19,193,471) RON vs. the first six months of 2016 in amount of (19,907,927) RON.

Fixed assets as of June 30, 2017 are in amount of 257,194,350 RON, current assets 106,748,136 RON, cumulated losses 315,500,932 RON, negative equity 137,984,523 RON, current debts 297,708,764 RON (from which: 102,855,488 RON amounts related to shareholders, 80,257,945 RON debts to the bank), net current liabilities in amount of 190.960.628 RON.

We mention that the financial statements as of June 30, 2017 are not audited by the external financial auditor of the Company.

The signed financial statements as of June 30, 2017 are available on the Company’s website, www.electroputere.ro starting with August 16, 2017, 19:00.

 

OSAMA M.T. AL-HALABI – President

 

LAVINIA AURORA PETCU – Finance Manager

 

The financial statements as of June 30, 2017 are also available on the below link:



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