Condmag reported a 7.5% increase in revenues to RON54.55 million and 7.2% higher expenditure to RON53.96 million on the year in the first half of 2012, according to data from the Bucharest Stock Exchange.
The company’s first-half net profit amounted to RON573,000, compared with RON188,000 in the same period a year ago.
Dafora (DAFR.RO) controls 45.82% of Condmag shares, while Dutch fund OGBB A Van Herk holds a 10.91% stake. The remaining stake of 43.26% is distributed among minority shareholders.
On the Bucharest bourse Friday, Condmag closed at RON0.097 a share. (EUR1=RON4.5396)