It also said its loss decreased by 24.7% to RON104 million last year from RON138.3 million in 2011.
Mechel Targoviste’s total debts stood at RON538 million in 2012, down from RON591 million at the end of 2011.
Mechel Targoviste was part of Russian steel giant Mechel, which announced in February that it had sold its Romanian assets to Invest Nikarom controlled by Russian nationals Viktor Chumakov and Svetlana Chumakova Svetlana.
Following the transaction, Invest Nikarom acquired, for a nominal sum of RON230, Mechel’s five assets in Romania, namely Mechel East Europe Metallurgical Division SRL and steel plants Ductil Steel Mechel, Campia Turzii S.A., Mechel Targoviste S.A., and Laminorul S.A.
The financial results for 2012 are provisional, according to Mechel Targoviste’s press statement sent to the Bucharest Stock Exchange on Monday. (EUR1=RON4.3643)