Prospectiuni’s first half revenues dropped by 25.8%, to RON110.7 million from RON149.3 million, while expenses increased slightly to RON116.9 million. Turnover declined by 26.5% to RON102.9 million, from RON140 million in the first half of 2011.
The company is controlled by local businessman Ovidiu Tender, who owns 55.7% of the stock through Tender SA Timisoara. Investment fund SIF Muntenia owns 11.8%.
On the Bucharest bourse Monday, Prospectiuni closed down 6.12% at RON0.164 a share, amid a declining market. (EUR1=RON4.4373)
On August 14 on the Bucharest stock exchange, Prospectiuni closed up 2.19% at RON0.1635 per share. (EUR1=RON4.5186)