Turbomecanica S.A.

Earnings Release • May 13, 2016

Bd. Iuliu Maniu Nr. 244 Sector 6 Cod Poștal 061126 București - România Tel.: (+4) 021 434 07 41 Fax: (+4) 021 434 09 21; (+4) 021 434 31 65 Cod Registrul Comerțului J40/533/1991 Cod Fiscal RO3156315 Cod Unic de Înregistrare 3156315 Capital Social subscris integral vărsat 36.944.247,50 RON www.turbomecanica.ro; e-mail: office@turbomecanica.ro

STATEMENT OF PROFIT AND LOSS AT 31 MARCH 2016

	31 MARCH 2016	31 MARCH 2015
Revenues	9.335.996	12.165.672
Other gains and loss	1.651.060	(2.440.665)
Change in inventories of finished goods and work in progress	5.384.272	557.976
Raw materials and consumables used	(5.635.346)	(3.272.078)
Employee benefits expense	(5.353.578)	(4.667.332)
Depreciation and amortisation expense	(1.390.742)	(1.368.939)
Finance cost, net	(717.605)	(783.479)
Othe operating expenses	(1.160.673)	(1.379.021)
Gross profit/Profit before tax	2.113.383	(1.187.866)
Income tax expense/ benefit	470.168
Net profit	1.643.215	(1.187.866)

PRESIDENT GENERAL MAN RADU VIEHMANN