In the first six months of 2010, the company posted a net profit of RON6.7 million.

Ductil said total revenue rose 12% on the year to RON77.9 million in January to June, while overall costs were up at 19% to RON72.4 million.

The company’s turnover rose 13% to RON74.1 million, from RON65.1 million in the first half of 2010.

Ductil is majority owned by Italy’s FRO-Airliquide Welding, with a 71.8% stake, followed by US investment fund Broadhurst Investments Limited, with an 11.7% stake.

Thursday, Ductil closed down 5.15% at RON0.46 a share in Bucharest. (EUR1=RON4.2236)