Electrocarbon posted a net profit of roughly 0.72 million lei (EUR0.16 million) in the first three months, compared with RON1.9 million in the year-earlier period.

Sales fell 28.5% on the year to RON38 million.

Local company Vivaio Campina holds a 50.85% stake in Electrocarbon, while Metaleuroest holds 21.3% of its shares.

On Rasdaq market April 13, Electrocarbon closed flat up 3.45% at RON3 a share. (EUR1=RON4.3344)