COMCM Constanta said net profit rose to RON1.1 million, from a mere RON0.026 million posted in 2010.
The company reported total revenue of RON36.8 million in 2011, up 3% on the year, while overall costs dropped 9% to RON35.4 million.
COMCM Constanta has a share capital of RON23.6 million split into 236.3 million shares with a face value of RON0.1.
The company is 56.72%-owned by regional investment fund SIF Transilvania (SIF3.RO), while Constantin Fratila and his daughter Maria Alexandra hold together a 41.57% stake.
On the Bucharest bourse Thursday, COMCM Constanta closed up 0.28% at RON0.1457 a share. (EUR1=RON4.3535)