Condmag estimates a pretax profit of 2 million lei (EUR0.46 million) in 2013, versus a pretax loss of RON26.08 million in the previous year.

Revenues are forecast to increase 4% to RON99.7 million, while costs are seen falling 19.5% to RON97.7 million.

The company has scheduled total investments worth EUR3.9 million in 2013.

Dafora (DAFR.RO) controls 45.82% of Condmag shares, while Dutch fund OGBB A Van Herk holds a 10.91% stake.

Friday, Condmag closed down 1.05% at RON0.094 a share in Bucharest. (EUR1=RON4.3224)

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