Amonil’s profit down almost 3 times in Q1

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Chemical fertilizer producer Amonil Slobozia reported net profit worth 6.25 million lei in Q1 this year, almost three times lower as against the net result of 17.878 million lei reported in the same period of the previous year, according to financial information sent to the Bucharest Stock Exchange (BVB).

The company reported in the aforementioned period a turnover worth 62.183 million lei, up 17.4 percent lower as against the first three months of last year.

The company’s revenues totalled 126.972 million lei and expenditures 120.722 million lei.
On March 31, Amonil had to pay debts worth 128.7 million lei and to retrieve claims worth 50.785 million lei.

The company’s shareholders general ordinary assembly approved gross profit worth 2.26 million lei in 2009, down as against 2008 when it stood at 6.92 million lei.

For 2009 there were stipulated overall revenues worth 536 million lei and total expenditures worth 354 million lei.
The chemical fertilizer maker Amonil Slobozia is listed with the Bucharest Stock Exchange and the capitalisation amounts to some 12.684 million lei.

The company’s shareholders are Zalois Ltd with a 32.19 percent stake, Jovline with 18.2262 percent, non-resident customers – Citibank Nominee SAL with a 13.5489-percent stake and other minority shareholders.

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