In the first quarter of 2012, Iproeb had a turnover of RON21.5 million and a profit of RON40,000.
The company’s revenues dropped 31% in the first quarter, to RON15.7 million (EUR3.6 million), and expenses dropped 30%, to RON15.9 million (EUR3.6 million), the company said in a report to the Bucharest Stock Exchange Tuesday.
In the first quarter of 2012, Iproeb’s revenues amounted to nearly RON23 million and expenses stood at RON22.8 million.
Iproeb announced late January it was reducing its activity in February due to low demand.
Iproeb’s major shareholder is Electromontaj Bucuresti, with 33.24% of the shares.
The company’s shares closed flat in Bucharest Tuesday, at RON0.64 per share.