Its turnover amounted to RON85.9 million in January-September, down 5% from the same interval in 2011, when it stood at RON90.1 million.
Total revenues slightly increased in the analyzed timeframe to RON147.7 million, from RON141.7 million and overall expenses fell 8.4%, to RON174 million.
Since 2000, the last year when Electroputere registered profit, the company’s cumulated annual losses have exceeded RON870 million.
Electroputere is majority owned by Saudi Al-Arrab Contracting Company Limited, with an 86.28% stake.
On the Bucharest bourse Wednesday, Electroputere shares were traded at RON0.023 a share. (EUR1=RON4.5220)