Santierul Naval Orsova said overall revenues fell 9% on the year to RON31.7 million in the first six months, while total costs were down 10.3% to RON31.2 million.
However, the company’s profit rose tenfold on the year to RON0.54 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 Tuesday, Santierul Naval Orsova closed down 5.26% at RON2.7 a share, amid a declining market. (EUR1=RON4.267)