However, the retailer swung to a slight profit of RON14,300 in January to June, versus a loss of RON2.18 million in the corresponding period of 2010.
Centrofarm said total revenue fell 10.2% on the year to RON77.15 million in the first half, while overall costs declined 12.4% to RON77.13 million.
The company is 95.4% owned by board president Alain Louis Bonte.
Bonte plans to delist the company from Rasdaq market in Bucharest, following a buyout offer unfolded in February.
At the most recent transaction in Bucharest, Centrofarm’s shares fell 12.31% at RON3.07 a unit. The company is currently suspended from trading.
Centrofarm operates over 60 drugstores in Romania. (EUR1=RON4.2567)