Armax Gaz posted sales of RON53.5 million in the first nine months, down 8.3% from RON58.4 million in the same period of 2011.
The company’s revenue rose 13% on the year to RON73 million, while overall costs were 17.6% higher, at RON72.5 million in January to September.
Armax Gaz general manager, Mircea-Simion Vescan, holds a 42.6% interest in the company, while the rest are traded on the Bucharest stock market. Armax Gaz closed flat on the day Thursday, at RON0.065 a share. (EUR1=RON4.5379)