Flamingo International sees 80 percent increase in turnover

Flamingo International sees 80 percent increase in turnover

IT&C retailer Flamingo International registered in the first nine months a turnover of RON 302.2 million, an 80 percent increase on the similar period of 2005 and registered losses of RON 18.4 million. According to the company Flamingo saw in the first three semesters a net profit of RON 71,365 and a turnover of RON 168.2 million, without including Flanco results. The financial report includes the results of Flamingo International, Flanco, Flamingo Computers and Flamingo Distribution Center, which registered 10 percent of the entire group’s turnover. The retail group has closed in the first three semesters 39 stores, within which 26 Flamingo Computers stores, seven Flanco stores and six Future Shops