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ELECTROPUTERE S.A. - EPT

Preliminary financial results 2017

Release Date: 2/15/2018 6:57:33 AM

IRIS Code: 388D4

Preliminary Report as of December 31, 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. became a holding Company on August 17, 1994 and 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 December 31, 2017 the Entity registered total income in amount of 154,618,877 RON, representing an increase with 28% versus the income booked in the same period of the last year, and a loss of 56,771,436 RON vs. 2016 in amount of 45,346,757 RON.

Fixed assets as of December 31st, 2017 are in amount of 255,001,135 RON, current assets 105,806,201 RON, cumulated losses 352,973,063 RON, negative equity 175,456,654 RON, current debts 327,325,810 RON (from which: 112,619,260 RON amounts related to shareholders, 81,391,776 RON debts to the bank), net current liabilities in amount of 221,519,609 RON.

We mention that the financial statements as of December 31st, 2017 are not audited by the external financial auditor of the Company.

The signed financial statements as of December 31st, 2017 are available on the Company’s website, www.electroputere.ro starting with February 14, 2017, after 19:00.

 

OSAMA M.T. AL-HALABI – President

 

BOGDAN PARASCHIV – CFO

 



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