Total revenue increased 36% in 2014, to RON131.1 million, the company said in its earnings report Monday.
The cost of sales posted a growth of 15.7%, to RON105.9 million, mainly due to higher costs for raw materials.
Electroputere lowered its administrative spending by 31.5% in 2014, to RON25.86 million, halving salary costs from RON18.86 million to RON8.8 million.
Electroputere last turned a profit in 2000.
Electroputere is majority owned by Saudi Al-Arrab Contracting Company Limited, with an 86.28% stake. The Saudi company acquired control of Electroputere in 2007. In 2012, Electroputere sold its locomotive making unit to Romanian entrepreneur Gruia Stoica for an undisclosed amount. The company currently runs two divisions that produce electrical rotating machines and power transformers, as well as general services unit.
On the Bucharest Stock Exchange, Electroputere shares were trading down 8.1% Monday, at RON0.0453 a share.