Current asset value adjustment costs rose to about RON9 million last year, the company said. Its current assets increased over 7% in 2012 to some RON59 million, from RON55 million.

The company’s revenues decreased 8% last year to RON51.6 million, from RON56.2 million in 2011, while operating costs climbed 5% to about RON59 million, from RON56 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 a share.

The company is controlled by regional investment funds SIF Transilvania (SIF3.RO), with 50% of the shares, SIF Muntenia (SIF4.RO), with a 13.17% stake, and SIF Oltenia (SIF5.RO), with 10.07% of the shares.

On the Bucharest stock market Friday, Santierul Naval Orsova traded down 9.92%, at RON1.98 a share. (EUR1=RON4.3524)