The company’s revenue fell 36.4% to RON82.65 million, while overall costs dropped 24.5% to RON110.15 million, according to the company’s financial statements.
As a result, Electroputere posted a net loss of RON27.5 million, almost similar with RON26.9 million in the first half of 2010.
Electroputere has a share capital of RON33.7 million, divided into 337.6 million shares with a face value of RON0.1. About 86% of stock is owned by Al-Arrab Contracting Company Limited.
Company shares closed down 2.3% Friday, to RON0.0635. (EUR1=RON4.2784)