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2017 - Q3 Report

Release Date: 11/15/2017 6:30:04 PM

IRIS Code: 79A8C



The company VRANCART S.A. Adjud informs its investors and shareholders that the report for the 3rd quarter of 2017 (individual and consolidated), drawn up in accordance with the International Financial Reporting Standards (IFRS) (the Order of the Public Finance Ministry no. 881/2012 and the Order of the Public Finance Ministry no. 2844/2016 as subsequently amended and completed, with the provisions of Law no. 24/2017 and of the CNVM Regulation no. 1/2006, along with the interim financial statements as at September 30th, 2017 (Individual and consolidated), are available for consultation at the company’s headquarters in Adjud, 17 Ecaterina Teodoroiu Street, Vrancea county or on the company’s website www.vrancart.ro, starting from November 15th, 2017 at 18:30.

The results achieved by VRANCART S.A. in the 3rd quarter of 2017 confirm the company’s ability to generate profit and its financial soundness. In this period, the net profit recorded was 15.933.456 lei, 8% above the level forecasted in the Revenues and Expenditures Budget.

The economic and financial indicators as at September 30th, 2017 were as follows:


Indicator’s name

Calculation modality



Current liquidity indicator

Current assets/Current liabilities



Indebtedness degree indicator

Borrowed capital /Equity x 100



Borrowed capital/Employed capital x 100



Debts-customers turnover

Average customers balance/Turnover x 270



Non-current assets turnover

Turnover/Non-current assets



* Borrowed capital includes credit lines, short-term and long-term bank loans, long-term trade loans, short-term and long-term liabilities from financial leasing agreements, loans from bond issues.


Additional information may be obtained at the telephone no. 0237-640800 – ext. 274 or at the e-mail address laurentiu.dobre@vrancart.ro .


Chairman of the Board of Administrators,                  Law Office,

Ec. Ciucioi Ionel-Marian                                                   Legal Adviser Dobre Laurentiu


Quarterly report for the 3rd quarter of 2017 of the Board of Administrators (individual and consolidated), accompanied by the Interim financial statements, not audited (individual and consolidated) may be consulting using the link below.



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