Altur also expects its expenses to go down 7% to RON194.4 million in 2014, according to a statement sent to the Bucharest Stock Exchange.
Altur shareholders approved Monday the company’s financial report for 2013 and its 2014 budget of revenue and expenditure.
Romanian businessman Catalin Chelu indirectly owns about 43% of Altur through firms Mecanica Rotes (28.15%) and Celule Electrice (14.81%).
On the Bucharest stock exchange Tuesday, Altur traded down 1.89%, at RON0.052 a share. Considering this price, the company’s market capitalization is RON42.8 million. (EUR1=RON4.4549)