IAR Brasov switched to RON491,000 losses in the first nine months, from a RON2.4 million profit in January to September 2011.
Revenues and expenses were two-fold lower in January to September, at RON20.2 million (EUR4.6 million) and RON20.7 million (EUR4.7 million), respectively. In the first nine months of 2011, IAR Brasov posted revenues of RON45.3 million, while expenses stood at RON42.9 million.
The Economy Ministry owns a 64.89% stake in the company.
IAR Brasov has a share capital of RON47.2 million, split up into 18.8 million shares with a face value of RON2.5.
November 2, IAR Brasov shares on the Bucharest Stock Exchange closed at RON1.141 per share, up 3.73% on the day. (EUR1=RON4.5236)