Baran's share is expected to be $190 million, with $40 million left after payments to subcontractors and suppliers.
Baran Group (TASE: BRAN; Bulletin Board:BRANF) today reported that a wholly owned subsidiary signed an MOU for the renovation of refineries in an eastern European country. The total value of the project is $650 million, Baran's share is expected to be $190 million, with its net profit after payments to subcontractors and suppliers at $40 million.
Published by Globes [online], Israel business news - www.globes.co.il - on March 15, 2007
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