The company also reported RON39.1 million losses, down 2.6-fold from RON104 million a year earlier.
According to preliminary results, the company’s debts rose 14% to RON614.1 million.
Mechel Targoviste was part of Russian group Mechel, which said last February it sold its assets in Romania to Invest Nikarom, owned by Russian Viktor Chumakov and Svetlana Chumakova Svetlana.
The transaction also targeted Mechel Campia Turzii, Ductil Steel Otelu Rosu, Ductil Steel Buzau, Laminorul Braila and Mechel Reparatii Targoviste.
COS Targoviste went insolvent in February 2013.
Cyprus-based Mazur Investments owns a 86.6% stake in COS Targoviste, investment fund SIF Oltenia owns a 8.92% stake, individuals hold a 0.42% stake, while Romania’s privatization authority AAAS owns a 4.04% stake.