The company’s net profit fell by one third to RON193.5 million from RON288.2 million.
Its revenues decreased 5.6% in the analyzed interval to RON1.381 billion, from RON1.463 billion in January-September 2011, while overall expenses climbed 2.4% to RON1.152 billion, from RON1.125 billion.
In March 2012, Ameropa Holding bought a 75.87% stake in Azomures and increased its stake to 96.49% in June. Ameropa paid 240.8 million lei (about EUR54 million) for the additional shares.
On August 21, Romania’s securities commission CNVM decided Ameropa Holding AG may delist Azomures from the Bucharest bourse. Following the CNVM decision, Azomures shares have been suspended from trading on the bourse. The last trading price for Azomures shares was RON2.13 a share.