Revenues increased by 10%, to RON50.8 million (EUR11.5 million), while expenses climbed 12% to RON50.1 million (EUR11.4 million).
In the first six months of 2011, Armax Gaz posted revenues of RON46.3 million and expenses of RON44.8 million.
Profit dropped in the first semester of 2012 to RON516,000 (EUR118,000), from RON1.3 million in the same period of 2011.
The company is 42.63% owned by general manager Mircea Simion Vescan, while the remaining 57.37% is in the hands of various other shareholders.
On Thursday on the Bucharest Stock Exchange, Armax Gaz closed up 0.3% at RON0.0664 per share. (EUR1=RON4.4167)