Its turnover halved to RON2.85 million in the analyzed interval, from RON5.85 million in the same timeframe of 2011.
Cocor reported revenues of RON4.2 million in the first quarter, down 53% from RON9 million in the same interval a year ago.
Overall expenses decreased 6.8% on the year to RON6.9 million, from RON7.5 million.
The company budgeted losses of RON883.000 for the first quarter, sales of RON4.1 million, revenues of RON4.9 million and expenses of RON5.8 million.
Cocor switched to a loss of RON34.8 million in 2011.
For 2012, it expects a turnover of RON20 million and losses of RON2.56 million.
Company shareholders include investment fund Broadhurst with a 13.32% stake, SIF Transilvania (SIF3.RO) with 10.24%, SIF Muntenia (SIF4.RO) with 10%, Daniel Stoica with 14.66%) and Liviu Ursan with 14.83%.
Cocor shares were last traded on April 11, when they closed down 0.04% at RON128.95 a share. (EUR1=RON4.4463)