The company reported a gross profit of RON175,000, down 36% from RON273,000 in January-March 2013.

The company is 46.3% owned by general manager Mircea Simion Vescan, while various other shareholders hold the remaining 53.6% stake.

On the Bucharest stock market, Armax Gaz Medias last traded at RON5.4 a share, valuing the company at RON35.6 million.