The company’s profit fell 31% to RON21.53 million, compared with RON31.6 million at the end of September 2015, while operating expenses rose to RON74 million, compared with RON63 million in the first nine months of 2015.
The company’s shares have been trading on the Bucharest Stock Exchange since July 14, 2015.
IAR Brasov has a market capitalization of RON117 million.
The company posted a turnover of RON131 million in 2015, compared with RON102 million a year before, while its net profit doubled to RON12 million. The company had 314 employees in December 2015.