Electromagnetica registered profit of RON2.76 million in the first quarter of 2012.
Its revenues dropped 17.3% to RON96.86 million in January-March, from RON117.13 million in the first quarter of 2012, and total expenses fell 18.7% to RON91.31 million, from RON112.38 million.
At the end of March, the company’s debts amounted to RON48.35 million, up 15.5% compared with end-December 2012.
The company is 30.7% owned by the Employees Association and 20.13% by regional investment fund SIF Oltenia (SIF5.RO).
On the Bucharest stock market Monday, Electromagnetica closed up 1.05%, at RON0.192 a share. (EUR1=RON4.3207)