In the first quarter of 2012, Electroputere posted a loss of RON8.1 million.
Electroputere said its sales dropped to RON9.6 million in the first three months, from RON36.4 million in the year-ago period.
Revenues declined 31% to RON30.6 million, while costs were down 17% year-on-year to RON43.5 million.
Electroputere is majority owned by Saudi Al-Arrab Contracting Company Limited, with an 86.28% stake.
At around 10:30 am Wednesday, Electroputere traded up 11.83% at RON0.0189 a share in Bucharest, amid a slightly rising market. (EUR1=RON4.3485)