Its loss widened to RON2.2 million in January-March, from RON1.96 million in the year-earlier period, while expenses fell 7% to RON14.6 million, from RON15.7 million in the first three months of 2013.
Prefab’s turnover reached RON9.45 million in the first quarter of 2014, down 13% from RON10.9 million in the same period a year ago.
Businessman Marian Petre Milut owns 82.9% of Prefab through firm Romerica International and regional investment fund SIF Muntenia (SIF4. RO) controls 13% of the shares.
On the Bucharest stock market on April 25, Prefab traded up 6.3%, at RON2.34 a share. (EUR1=RON4.4352)