In January through September 2010, Condmag posted a net profit of RON8 million.
Condmag said total sales nearly halved to RON75.1 million in the first nine months of 2011, from RON144.3 million in the same period a year earlier.
Overall revenue fell 45% on the year to RON84.9 million, while total costs declined 43% to RON82.8 million.
Dafora (DAFR.RO) controls 45.82% of Condmag shares, while Dutch fund OGBB A Van Herk holds a 10.91% stake.
At around 11:30 Friday morning, Condmag traded down 1.87% at RON0.21 a share in Bucharest. (EUR1=RON4.3479)