Transportation, Communications, Financial Activities and Processing Branches have Highest Potential

Three branches of the national economy hold a share of over 90% of the total profit gained by the joint stock companies in the R. Moldova in 2005, according to a report by the Rating and Estimation Agency “Estimator-VM”, cited by Info-Prim Neo. The report analyses the activity of open type 869 JSCs in the R. Moldova, according to their results in 2005, including commercial banks. The presented pool did not include investment funds. According to the cited source, the sphere of transportation and communications holds 36.2% of the total income, the financial field – 31.56%, and the processing industry – 23.33%. The high share of the transportation and communications industry is due to the high results registered by the “Moldotelecom” JSC. Overall, the net profit of the 869 JSCs increased by approximately 1.57 billion lei, constituting 7.17% of the total turnover. At the same time, the electric and thermal energy, gas and water branches, as well as the agriculture have registered immense losses in 2005. The total property of the analyzed companies constitutes 47.7 billion lei, of which 38.81% belongs to the financial activity and 23.79% - to the processing industry. The assets, in turn, are financed by their own means in a 32.72% proportion. The total value of the shareholders’ capital constitutes approximately 15.6 billion lei, of which 40.69% goes to the assets of companies in the processing industry. Experts note a mean level of indebtedness of 42.54% for the entire pool of enterprises. The most indebted branches are the electric and thermal energy, gas and water (98.5%), financial activities (83.79%) and retail and wholesale trade; automobile, household and personal goods’ repairs (74.91%). For the last two branches, the high level of indebtedness is linked to the type of activity and constitutes an ordinary occurrence. According to the analysis of efficiency, the highest shares of sales (64%) go to the branches in the processing industry (37.57%) and retail and wholesale trade; automobile, household and personal goods’ repairs (26.07%), followed by the financial activities and transportation and telecommunications (approximately 11%) of the total sales. The turnover constituted a pool total of approximately 21.9 billion lei or 46% of the value of the patrimony of the analyzed enterprises. According to the ROS (sales profitability) and ROE (financial profitability) efficiency indicators, the transport and communications branch and the financial activities are also placed on leading positions, and the first one holds the second place for the ROA (assets profitability) indicator. Good results in this field are also registered by the extraction industry, which registers the leading position according to the ROE indicator with a very high result – 37.75%. At the same time, the highest mean value of the profit per share can be noticed in the financial activities branch (148.66 lei/share). The JSC shares in the extraction industry are valued at an average of 12.07 lei/share, in the processing industry – 4.28 lei/share, and for constructions – 4.15 lei/share. The experts mention that this analysis can be used by investors as “a first guide mark of a macro level towards recognizing the joint stock companies in the economy of the R. Moldova with a growth potential and which will bring benefits to investors in the future”.

Вы используете модуль ADS Blocker .
IPN поддерживается от рекламы.
Поддержи свободную прессу!
Некоторые функции могут быть заблокированы, отключите модуль ADS Blocker .
Спасибо за понимание!
Команда IPN.