Dacia, the Romanian subsidiary of Renault, has posted a net profit of EUR57m for 2005, after five straight years of losses, according to Les Echos.
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The report said the result can be attributed to the success of the Logan, the low-cost Renault model that Dacia produces, launched in September 2004.
In 2005, the Romanian company invoiced 164,406 vehicles, a 71% increase on 2004, and manufactured 172,021 (+82%), including 146,456 Logans.
The company’s turnover was EUR1.2bn (EUR348m from exports), more than double that of 2004, Les Echos added.
