However, Romaero’s net profit more than doubled on the year to RON57,000, from RON22,000 in the first six months of 2010, according to the company’s financial report.
The company reported total turnover of RON25.4 million lei, up 7.6% on the year.
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 September 16, Romaero closed down 6.67% at RON14 a share. (EUR1=RON4.2843)