Its sales dropped three times to RON82.77 million, from RON254.48 million.
Oltchim’s revenues fell 2.8 times to RON91.65 million in January-March, and total expenses decreased 1.9 times to RON177.57 million.
The company registered debts of RON3.51 billion at the end of March, up 26.2% compared with end-December 2012. Its creditors include lenders Banca Comerciala Romana, CEC, Banca Transilvania, state-run electricity supplier SC Electrica SA, Salrom and state-owned freight railway Carrier CFR Marfa.
Oltchim entered insolvency in January this year after its privatization fell through last fall.
Economy Minister Varujan Vosganian said last week Romania received letters of intent from ten investors interested in Oltchim.
Oltchim is 54.8% owned by the state, through the Economy Ministry, and by Germany-registered company PCC SE, with 32.34% of the shares. (EUR1=RON4.3241)