Its profit halved to RON1.4 million in January-September, from RON3.4 million in the first nine months a year ago, Electrocarbon said in a statement Monday.
The company’s revenues fell to RON102 million from RON152 million, and overall costs dropped to RON100 million from RON147.6 million.
Electrocarbon is controlled by businessman Laurentiu Vasile Dascalu, who owns 50.85% of the company through firm Vivaio Campina. Other shareholders include firms Metaleuroest (21.31%) and Ekomin (25.82%).
Electrocarbon last traded on the Rasdaq market in Bucharest on October 21 at a price of RON3.4 per share, up 1.49%. Considering this price, the company’s market capitalization stands at about RON61 million. (EUR1=RON4.4531)