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Q1 2017 financial results

Release Date: 5/15/2017 6:30:04 PM

IRIS Code: 62C43

Quaterly Report as of March 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 March 31, 2017 the Entity registered total income in amount of 22,908,000 RON, from which 16,941,280 RON Power Transformers BU, 5,781,180 RON Rotate Electrical Engines BU and 185,540 RON Others, representing 96% from the incomes booked in the same period of the last year, and a loss of (11,076,662) RON vs. the first three months of 2016 in amount of (7,127,149) RON.

Fixed assets as of March 31, 2017 are in amount of 256,549,814 RON, current assets 101,396,021 RON, cumulated losses 307,384,122 RON, negative equity 129,867,713 RON, current debts 284,012,308 RON (from which: 99,122,766 RON amounts related to shareholders, 79,782,699 RON debts to the bank), net current liabilities in amount of 182.616.287 RON.

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

The signed financial statements as of March 31, 2017 are available on the Company’s website, www.electroputere.ro starting with May 15, 2017, 18:30.


OSAMA M.T. AL-HALABI – President




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