Condmag said total sales fell 42.7% to RON113.7 million, from RON198.4 million in 2010.
Overall revenue decreased 37.4% on the year to RON125.2 million, while total costs were down 33% to RON123 million, according to the company’s preliminary financial report.
Dafora (DAFR.RO) controls 45.82% of Condmag shares, while Dutch fund OGBB A Van Herk holds a 10.91% stake.
At around 13:10 Wednesday, Condmag traded down 1.1% at RON0.18 a share in Bucharest. (EUR1=RON4.3467)