In January through September 2010, Foraj Sonde posted net profit of RON1.04 million.

The company said total revenue rose 13.8% on the year to RON83 million in the first nine months of 2011, while overall costs were up 4.6% to RON74.6 million.

Sales increased 16% to RON78 million, Foraj Sonde said in its financial report.

Brothers Marius Valentin and Emil Cristescu control the company.

On November 2, Foraj Sonde closed up 9.5% at RON0.23 a share in Bucharest. (EUR1=RON4.3487)