Romaero switched to losses of RON23.3 million in the first semester, from a net profit of RON57,000 in the same period a year ago.
The company’s costs increased 65% in January to June, at RON72.5 million, from RON43.8 million during the same period a year before.
Romaero’s turnover reached RON36.4 million in the first semester, up 43% from RON25.4 million a year before.
Romanian Economy Ministry holds a 51.9% stake in Romaero, while investment funds SIF Muntenia (SIF4.RO) and Fondul Proprietatea own stakes of 25.85% and 21% respectively.
On the Bucharest bourse August 14, Romaero closed up 12.8 at RON13.89 a share. (EUR1=RON4.4665)