Revenues dropped this year by 19%, to RON22.9 million (EUR5.2 million), while expenses decreased by 13%, to RON22.8 million (EUR5.2 million), according to information sent to the Bucharest Stock Exchange.
In the first quarter of 2011, the company posted revenues of RON28.2 million and expenses of RON26.3 million.
Romanian company Electromontaj owns a 33.1% stake in Iproeb. Investment fund RC2 owns 5.83% of the stock and SIF Banat-Crisana (SIF1.RO) – 5%
On the Bucharest bourse Friday, Iproeb closed up 1.19% at RON0.85 per share. (EUR1=RON4.4044)