The company’s net profit inched down to RON1.8 million, from RON1.9 million in the first nine months of 2012.

Braiconf said revenues fell 5% on the year to RON24.7 million in the January-September period, while costs were down 5% to RON22.6 million.

The company is 25.1%-owned by Bank Julius Baer, while romanian entrepreneur Catalin Chelu owns a 16.89% stake.

Braiconf has a share capital of RON4.4 million, split into 44.8 million shares with a face value of 0.1%.

Friday, Braiconf’s shares closed down 4.76% at RON0.4 in Bucharest, valuing the company at RON17.9 million. (EUR1=RON4.4502)