It also said its net profit fell to RON240,000 in the first six months, from RON447,000 between January and June 2013.

Prefab registered expenses of RON37.2 million in the mentioned period, down 13.3% from the first half of 2013.

The company’s turnover shrank 18% to RON26.8 million in the first half of 2014, from RON32.8 million in the same interval a year ago.

Businessman Marian Petre Milut owns 83% of Prefab through firm Romerica International and regional investment fund SIF Muntenia (SIF4. RO) controls 13% of the shares.

On the Bucharest stock market Tuesday, Prefab traded at RON2 a share.

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