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Constanţa shipyard revenues increase by 63.5 percent in 2004

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Wednesday, May 4, 2005

Romania's largest shipyard, at Constanţa, saw a 63.5% increase in revenues in 2004

Constanţa Shipyard (SNC) registered total revenues of €38.4 million in 2004, 63.5% higher than in 2003. The shipyard also had a net profit of €1.7 million, which was assigned to reserves linked to fiscal facilities, as well as to the coverage of the previous years' losses and the legal reserve.

Constanţa Shipyard, located in the Romanian port of Constanţa, on the Black Sea coast, is the largest shipyard in Romania. The shipyard was privatised in April 2002, when Resource International, a company based in the Marshall Islands, bought stocks in it worth US$17.4 million, from the Romanian government. The other shareholders in the company are Histria Shipmanagement SRL (Constanţa), Technical Shiprepairs and Maintenance SRL (Constanţa).


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  This page is archived, and is no longer publicly editable.
Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.

Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators.

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Note that some listed sources or external links may no longer be available online due to age.

The text of this article is licensed under the terms of the Creative Commons Attribution 2.5 License
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