Cocor Bucuresti, owner of the store with the same name in central Bucharest, has posted a record income worth 6.61m euros (21.82m RON) in the second quarter of this year, and a turnover worth only 1.34m euros (4.45m RON). Most of the profit comes from its investments in listed shares. The company made gross income worth 6.6m euros (21.8m RON) in the first half of this year from transactions with the shares of three financial investment companies (SIF), SIF Banat-Crisana, SIF Transilvania and SIF Oltenia alone. More than 7 million shares from the three SIFs were sold for 8.48m euros (28m RON), while acquisition costs stood at only 1.81m euros (6m RON). For the entire of H1, the overall income of 7m euros (23.3m RON) is over 13 times higher (in euros) compared with the same time last year. While the operating income climbed to almost 3m RON, the remaining approximately 20m RON come from Cocor's financial activities. The derived sums will be invested in the Cocor store (some of the money will go to installing some giant LCD screens on the store) and in the construction of a car park, according to the company's representatives.
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