Uztel halves profit in Q1

Uztel oil drilling equipment maker of Ploiesti (60 km north of Bucharest) earned a net profit worth 1.744 million lei in the first quarter of the year, almost half less than in the same time span of 2008, say financial data sent to Bucharest Stock Exchange (BVB).The Company's turnover dropped by 9.4 percent up to 25.0007 million lei and the revenues dropped by 6.83 percent attaining 48.334 million lei. Expenditure registered 46.056 million lei.Uztel officials expect a net ...

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