In the first half of last year, the company reported losses of RON3.48 million.
Altur said expenses with raw materials fell 23.5% to RON21.74 million in the first half, but personnel expenditure was up 4.2% to RON10.07 million.
Overall revenue declined 28.8% to RON44.37 million.
The company’s sales fell 14.7% to RON45.86 million in the first half, mainly due to lower aluminum prices and weaker demand from its main customer.
Results were computed according to international accounting standards.
Altur has a share capital of RON82.4 million split up into 824.3 million shares with a face value of RON0.1.
Romanian businessman Catalin Chelu owns indirectly, through Mecanica Rotes (METY.RO) and Celule Electrice (CLEL.RO), around 43% of Altur’s shares.
Altur’s shares closed down 0.42% at RON0.0477 a share in Bucharest. (EUR1=RON4.4372)