Azomures said total revenue rose 58.7% on the year to RON412.2 million (EUR100.7 million) in January to March, while overall costs were up 54.2% to RON359.2 million (EUR87.9 million).
The company’s turnover stood at RON408.3 million, up 43.6% from RON284.4 million in the first quarter of 2010.
Azomures is 75% owned by several Turkish investors, through US-registered companies Eurofert Investments and Azomures Holdings LLC.
On the Bucharest bourse Wednesday, Azomures closed down 2.13% at RON0.688 a share. (EUR1=RON4.0842)