However, the company’s net profit increased significantly to RON1.86 million in January-September, from RON250,000 in the year-ago period.
Its revenues dropped 20.8% to RON95.73 million, while overall expenses decreased 22.2% to RON93.69 million.
Romanian businessman Catalin Chelu owns indirectly, through Mecanica Rotes (METY.RO) and Celule Electrice (CLEL.RO), around 43% of Altur’s shares.
On the Bucharest stock market Thursday, Altur traded flat on the day at RON0.0285 a share. (EUR1=RON4.5379)