In 2011, Oltchim posted a loss of 270 million lei (EUR61.4 million), 21% wider on the year.
The chemical company expects equal revenue and expenses in 2012, of RON1.64 billion each.
Oltchim is majority owned by the Economy Ministry, with a 54.79% stake, while Germany’s PCC holds 12.16% of its shares.
On the Bucharest bourse Friday, Oltchim closed up 0.23% at RON0.89 a share. (EUR1=RON4.397)