Uton Onesti Swings To RON6.7M Loss In 2010

04.18.2011 By Andrei Circhelan

Romanian industrial boilers producer Uton Onesti (UTN.RO) switched to a net loss of 6.69 million lei (EUR1=RON4.0966) in 2010, from a net profit of RON300,000 the year before, according to financial results published Monday.

Romanian industrial boilers producer Uton Onesti (UTN.RO) switched to a net loss of 6.69 million lei (EUR1=RON4.0966) in 2010, from a net profit of RON300,000 the year before, according to financial results published Monday.

Revenue dropped 21.8% on the year, to RON41.76 million, while expenditure fell 8.2% on the year, to RON48.45 million.

The company's sales decreased by 20% on the year, to RON43.05 million, from RON53.84 million.

Uton has a share capital of RON4.1 million, divided into 1.59 million shares, with a face value of RON2.6.

Company shares were last trade in the Unlisted category of the Bucharest Stock Exchange on April 5. At that time, the price had dropped 60% on the day, to RON0.6.