It also said its first-quarter net profit fell to RON437,000 from RON947,000 in the year-earlier period.
The company’s expenses advanced by 13% to RON40.2 million in January through March, from RON35.6 million in the first three months of 2012.
Comelf reported operating revenues of RON39.8 million in the first quarter of 2013, up 10% from RON36.2 million in the same period a year ago.
For 2013, Comelf estimates to double its gross profit to RON8.6 million and targets investments of EUR4.1 million.
The company’s main shareholder is Uzinsider Bucuresti, with a 77.07% stake.
On the Bucharest bourse on April 12, Comelf traded flat at RON1.6 a share. (EUR1=RON4.3311)