Sales rose 9% on the year, to RON74 million, from RON67.8 million, according to financial results posted on the Bucharest Stock Exchange.
Revenue increased by 11% to RON77.6 million, while expenditure widened by 9% to RON72.8 million.
The company’s debt dropped 12% last year, to RON15.3 million, while receivables increased by 8% to RON27.4 million. At the end of 2010, the company had an overall debt of RON17.5 million and receivables worth a total RON25.4 million.
The company is 55.9% owned by Greek group Alumil, while board president Michail Sotiriou holds a 23.95% stake.
Alumil shares closed up 4.5% Monday, to RON1.15.