Remar Pascani’s revenues increased by 60.6%, to RON18.46 million from RON11.49 million, while expenses grew 62.6%, to RON18.26 million from RON11.23 million.

Net profit dropped 19.5%, to RON119,500 from RON148,500.

Gruia Stoica and Adriana Didila control 90.88% of Remar Pascani, through railway freight carrier Grup Feroviar Roman (GFR). GFR is a member of the Grampet group, owned by Stoica (73.3%) and Didila (26.6%).

On the Bucharest bourse Friday, Remar closed up 7.69% at RON2.8 a share. (EUR1=RON4.4044)