In the first three months of 2010, Electroarges reported net profit of RON1.8 million.
Electroarges said total sales rose 30% on the year to RON35.5 million in January to March, fueled by exports.
The company said total exports increased to 95.6% of total sales at the end of March, from 88.6% of total in December a year earlier. The bulk of exports go to EU states, Electroarges said in its financial report.
Electroarges reported total revenue of RON36.14 million in the first quarter, up 32% on the year, while overall costs rose 30% to RON32.91 million.
On the Bucharest bourse Monday, Electroarges closed up 1% at RON0.59 a share. (EUR1=RON4.0997)