It said its loss decreased to RON4.2 million, from RON5.5 million in the first three months of 2013.
The company’s costs declined 8% to RON24.3 million in January through March, from RON26.4 million in the same period in 2013.
Romaero registered sales of RON21.1 million in the first quarter, up 32% from RON15.9 million in the same period in 2013.
Romaero is 51.9%-owned by the Economy Ministry. Investments funds SIF Muntenia (SIF4.RO) and Fondul Proprietatea (FP.RO) hold stakes of 25.8% and 21%, respectively.
On the Bucharest Stock Exchange Friday, Romaero closed up 14.3%, at RON16 a share, valuing the company at around RON100 million (EUR22.7 million). (EUR1=RON4.3986)