Carbochim reported revenue of RON8.5 million in the first quarter of 2011.
The company’s expenses saw a slower decline of only 5% to RON7.1 million (EUR1.6 million) in the first quarter of the year, from RON7.5 million in the same period a year ago, according to data from the Bucharest Stock Exchange.
Carbochim’s turnover fell 5% to RON6.9 million (EUR1.5 million) in January through March, compared to RON7.3 million in the first three months of 2011.
Romanian businessman Catalin Chelu holds some 47% indirectly, while other shareholders include Titus Popa (11.16%), Pietro Ionescu (10.79%) and Ion Raducanu (10.68%).
On the Bucharest bourse Tuesday, at 12:00 hours, Carbochim shares traded flat at RON13.83. (EUR1=RON4.4411)