Amonil posted a turnover of just RON6.8 million, considerably lower than RON86.8 million in the first half of 2010.

The company said its activities turned from fertilizers production to providing services to Chemgaz Holding (which currently owns most of the assets previously owned by Amonil following a foreclosure against the chemical company), production of industrial water, selling various materials and equipment in stock.

Total revenue fell to RON7.1 million, from RON94.1 million in January-June 2010, while expenditure stood at RON21.9 million, down from RON90.5 million.

Belize-registered firms Zalois and Jovline own together 50.46% of Amonil, which is however seen as part of the Interagro group, controlled by Romanian businessman Ioan Niculae.

Friday, Amonil shares rose 3.5% in Bucharest, to RON0.0176, valuing the company at RON19.5 million. (EUR1=RON4.2784)