In January-September 2011, the company reported a loss of RON11.5 million.
Concefa said its sales dropped to RON17.3 million in the first nine months, from RON51.4 million in the year-ago period.
Revenues fell more than threefold on the year to RON20.6 million, while costs nearly halved to RON39 million.
Concefa started insolvency proceedings in March this year and is currently undergoing reorganization.
The company has a share capital of RON19.7 million split up into 197 milion shares with a face value of RON0.1. Vasile and Maria Cercel own together 31.1% in Concefa, while Adina Maria Blajinu has a 31.5% stake. (EUR1=RON4.531)