Its loss stood at RON6.35 million in January-March, nearly flat from RON6.53 million in the same interval in 2013, according to the company’s financial results.
Condmag’s costs with materials and raw material surged to RON46.5 million in the first three months, from RON9.73 million in January-March 2013, while staff costs fell to RON5.27 million, from RON6.25 million.
Dafora (DAFR.RO) controls 45.82% of Condmag shares, while Dutch fund OGBB A Van Herk holds a 10.91% stake. Other shareholders jointly own a 43.26% stake.
On the Bucharest stock market Thursday, Condmag traded down 1.46% at RON0.0675 a share. (EUR1=RON4.4415)