Ductil said total revenue rose 6.5% on the year to RON122 million in January through September, while overall costs increased 5.1% to RON107.7 million.

Sales were up 6.2% to RON115.8 million, from RON109 million in the first nine months of 2012.

Ductil is majority owned by Italy’s FRO-Airliquide Welding, with a 72.3% stake, followed by US investment fund Broadhurst Investments Limited, with an 11.7% stake.

Wednesday, Ductil closed up 4.4% at RON0.4594 a share in Bucharest. (EUR1=RON4.4449)