Automotive component manufacturer Compa posted 293 million RON(70 million-euro) turnover in the first nine months of the year, up70% compared with the same time in 2009 and 23% higher thanbudgeted.
Compa Sibiu (CMP) net profit rose to 6.24 million RON (about 1.5million euros) in the first three quarters, from 0.42 million RON(0.1 million euros) in the same time of 2009, as a result of thestrong rebound of business, driven by the high demand forexports.
"As a result of the increase in the volume of orders from our mainpartners and especially from BOSCH and DELPHI, the turnover rose by69.5% in the first nine months of 2010, compared with thecorresponding period of 2009," Compa's quarterly reportreads.
The company officials also say that the production rose on allbusiness segments and exports amounted to 87.7% of turnover, thatis about 61 million euros, from 72.7% in the first nine months of2009 (35 million euros).
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