Comvex said and its net profit rose over five times to RON15.16 million in January to September, from RON2.71 million a year earlier.

The company’s revenues also doubled to RON105.25 million and costs rose 1.8 times to RON87.49 million.

Comvex is 63.24% owned by Solidmet Bucuresti. Other shareholders include Expert Placement Services, a subsidiary of the ArcelorMittal group, with a 28.13% stake.

On the Bucharest bourse Wednesday, Comvex shares closed at RON20 per share. (EUR1=RON4.5339)

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