In January through March 2011, Electrocarbon reported net profit of RON2.7 million.
The company said total costs rose 6% to RON43.7 million, from RON41.2 million in the first quarter of 2011. Overall revenue increased 3.5% on the year to RON46.1 million.
Electrocarbon reported sales of RON53.2 million in the first three months, up 36% from RON38.9 million a year earlier.
Local company Vivaio Campina holds a 50.8% stake in Electrocarbon, while Metaleuroest holds 21.3% of its shares.
On Rasdaq market May 2, Electrocarbon closed flat at RON2.2 a share. (EUR1=RON4.4053)