The company’s turnover fell 42% to RON22.96 million in the first six months of 2013.
In 2013, Armax Gaz reported a turnover of RON57 million, down 27% from RON77.66 million in 2012.
Its net profit dropped more than two times to RON151,900 in January- June 2014, from RON333,600 in the first six months of 2013, the company said in a statement Friday.
The company is 46.3% owned by general manager Mircea Simion Vescan, while various other shareholders hold the remaining 53.6% stake.