Electrocarbon’s expenses dropped 26%, to RON70 million, from RON94.7 million in the first half of 2012, the company said in its earnings report Tuesday.
Electrocarbon had a turnover of RON68 million in the first half, down 34% from RON104.3 million in the same period last year.
Electrocarbon is owned by businessman Laurentiu Vasile Dascalu, whose company Vivaio Campina holds a 50.85% stake. Other shareholders are Metaleuroest with 21.3% and Ekomin with 20.6%.
Electrocarbon shares traded down 16.6% in Bucharest Tuesday, at RON2.5 per share.