Revenue rose 12% on the year, to RON25 million, while expenditure increased by 13% to RON23.3 million, according to financial results published on the Bucharest Stock Exchange.

Carbochim concluded the first nine months of 2011 with a net profit of RON1.4 million, down 2% from RON1.5 million in the same period a year before.

Carbochim has a share capital of RON9.7 million, divided into 3.8 million shares with a face value of RON2.5.

Chelu holds some 47% indirectly, while other shareholders include Titus Popa – 11.16%, Pietro Ionescu – 10.79% and Ion Raducanu – 10.68%.

Carbochim shares closed up 3.77% Monday, to RON5.5. (EUR1=RON4.3487)