In the first nine months of 2012, Electroputere posted a loss of RON26.4 million.
Electroputere said its sales dropped 16.23% to RON71.95 million in the January-September period, from RON85.9 million in the year-ago period.
Revenues declined 36.5% to RON93.8 million, while costs were down 19.4% year-on-year to RON140.3 million.
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 late 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.
At around 10:00 am Thursday, Electroputere traded down 10.34% at RON0.0052 a share in Bucharest, valuing the company at RON1.75 million. (EUR1=RON4.4536)