Santierul Naval Orsova said net profit rose to RON0.65 million, from RON0.017 million in 2010.
Overall revenues inched down 1% RON62.4 million in 2011, while total costs fell 2% on the year to RON61.7 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 up 8.45% at RON2.798 a share. (EUR1=RON4.3473)