Its net profit, however, halved to RON5.5 million in the first six months, from RON11.6 million in the same period in 2013.
The company’s expenses advanced 11% to RON212.9 million between January and June, from RON191.1 million in the same period a year ago.
Electromagnetica registered a turnover of RON210.5 million in the first half, up 6% from RON197.8 million in the year-earlier period.
The company is 29.6% owned by the Employees Association and 24.6% by regional investment fund SIF Oltenia (SIF5.RO).
On the Bucharest Stock Exchange Thursday, Electromagnetica traded at RON0.2129 a share.