Compa’s turnover dropped 7.5% to RON322.7 million in the first nine months of the year, due to lower vehicle production in the mentioned period, mostly the vehicle production in Europe.
The company’s profit, however, rose 0.77% due to reduced costs, measures aimed at enhancing work processes and constant monitoring of results.
Compa’s expenses shrank 7.5% to RON312.3 million in the first nine months of 2014, from RON337.8 million in the same period in 2013.
The company is 54.6% owned by the employees association.
Compa traded up 0.72% at RON0.63 a share on the Bucharest Stock Exchange Tuesday.