Santierul Naval Orsova said net profit halved to RON0.6 million, from RON1.2 million in January-September 2010.
The company reported overall revenues of RON47.5 million in the first nine months, down 10% on the year, while total costs fell 8 % to RON46.9 million.
Santierul Naval Orsova has a share capital of RON28.5 million, split into 11.4 million shares with a face value of RON2.5.
Regional investment fund SIF Transilvania (SIF3.RO) is the company’s largest shareholder, with almost 50%, while SIF Muntenia (SIF4.RO) holds 13.17% and SIF Oltenia (SIF5.RO) holds a 10.07% stake.
On the Bucharest bourse Thursday morning, Santierul Naval Orsova’s shares traded flat at RON2.8 a share. (EUR1=RON4.3534)