The company’s net profit rose 2.2 times to RON1.77 million on the year in the first half, compared with RON878,000 in the year-earlier period, according to data from the Bucharest Stock Exchange.
Comelf Bistrita reported revenues of RON74.41 million in the first six months of the year, up 1.4% from RON73.38 million in the same period in 2011, and its expenditure declined slightly to RON72.21 million from RON72.25 million in the year-earlier period.
Comelf is controlled by private individuals Constantin Savu and Emanuel Babici, who own a 76.95% stake via Uzinsider Bucuresti. The remaining 23.04% stake is distributed among other shareholders.
On the Bucharest bourse Friday, Comelf shares were traded at RON1.68 a share. (EUR1=RON4.5396)