In January-March, the company switched to RON1.6 million losses, from RON5,600 profit in the first quarter of 2015, while its turnover fell by RON4 million to RON10.4 million.
The company’s representatives said the low results in the first quarter were triggered by the lack of infrastructure projects, the economic conditions and the fact that 2016 is an electoral year.
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.