In January through September 2012, Prospectiuni reported a net profit of RON21.1 million.

The company reported operating costs of RON253 million in the first nine months of 2013, well above RON188.1 million posted in the year-ago period. The higher costs were mainly due to delays in projects caused by bad weather and “unsubstantiated rumors” regarding shale gas exploration, Prospectiuni said in its financial report.

Prospectiuni posted turnover of RON272.4 million in January-September 2013, up 28% from RON212.5 million a year earlier.

The company is 55.7%-owned by local businessman Ovidiu Tender, while regional investment fund SIF Muntenia holds an 11.82% stake.

On the Bucharest bourse Thursday, Prospectiuni closed up 1.49% at RON0.1499 a share. (EUR1=RON4.4536)