Sales dropped 12.2% to RON51.42 million, from RON58.6 million in January-September 2010.

The company reported a loss of RON3.6 million in the first half of this year, which means the third quarter negative result stood at some RON8 million.

Revenue dropped 11.1% on the year, to RON64.83 million, while expenditure rose 8.8% to RON76.36 million in January to September.

The company posted an operating loss of RON7.32 million while the financial loss was at RON4.21 million.

The company has a share capital of RON56.8 million, divided into 568.4 million shares with a face value of RON0.1. Concefa is 64% owned by Horatiu Cercel and his mother.

Company shares were trading Monday at RON0.0591, down 2.6% on the day. (EUR1=RON4.3479)

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