Condmag’s loss widened from RON978,000 in 2011 to RON22.4 million in 2011, according to data from the Bucharest Stock Exchange.
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.
The company’s financial results are preliminary and were drafted accounted for IFRS standards.
On the Bucharest bourse Friday, Condmag closed up 0.43%, at RON0.1157 a share. (EUR1=RON4.3885)