The company’s turnover climbed 5.7% in the first half to RON171.8 million from RON162.48 million.

Its total revenues were flat on the year to RON192.66 million in the first six months of 2013, while total costs fell 4% to RON161.56 million, from RON168.37 million.

Conpet expects revenues of RON387.1 million (EUR89.5 million) for 2013, down 2.6% on the year, and net profit of RON19.8 million (EUR4.6 million).

The company is controlled by the Economy Ministry, which owns 58.72% of the shares. Investment fund Fondul Proprietatea (FP.RO) holds a 29.7% stake.

Conpet was last traded on Bucharest’s Rasdaq market Monday at a price of RON33.76 a share, down 0.76%.