In 2010, Azomures posted a net profit of RON154 million.
Azomures said total sales rose to RON1.62 billion in 2011, from RON1.2 million in the previous year.
Overall revenue increased 55% on the year to RON1.89 billion, while total costs were up 41% to RON1.48 billion.
Azomures is 75.8% owned by several Turkish investors, through US-registered companies Eurofert Investments and Azomures Holdings LLC. Romanian investment fund Fondul Proprietatea (FP.RO) owns a 10.74% stake.
In November, Azomures announced that Swiss fertilizer and grains trader Ameropa Holding will indirectly take over the company from the Turkish investors. The transaction is awaiting competition authorities’ clearance.
On the Bucharest bourse Tuesday, Azomures closed up 1.4% at RON1.592 a share. (EUR1=RON4.3473)