Laminorul reported sales of RON110.38 million and loss of RON59.63 million in the first six months of 2012.
Its revenues fell 68% in the first half to RON42.07 million, after halting its production activity, and total expenses dropped 65% to RON66.46 million.
Laminorul entered insolvency at the end of March, after amassing debts of RON621.09 million.
Russia’s steel giant Mechel said in February it sold its Romanian assets to local company Invest Nikarom SRL for a nominal sum of 230 lei (around EUR53).
Invest Nikarom, controlled by two Russian nationals, acquired Mechel Group’s five assets in Romania, namely Ductil Steel Mechel, Campia Turzii S. A., Mechel Targoviste S.A., Mechel East Europe Metallurgical Division SRL and Laminorul.