Electromagnetica reported a turnover of RON246.5 million and net profit of RON8.2 million in the first half of 2011.
The company’s first-half revenues fell 13% to RON219 million (EUR49.8 million), compared with RON250.8 million in the year-earlier period, and its first-half expenditure rose nearly 14% to RON206 million (EUR47 million), compared with RON241.3 million in the same period in 2011, according to data from the Bucharest Stock Exchange.
Electromagnetica has a share capital of RON67.6 million, split into 676 million shares with a face value of RON0.1.
On the Bucharest bourse Friday, Electromagnetica shares traded up 2.47%, at RON0.1537 a share. (EUR1=RON4.5396)