Its revenues rose 8% to RON74.9 million, from RON69.4 million, while overall costs fell 13.7% to RON86.6 million from RON100.4 million.

The company reported turnover of RON46.9 million in January-September, down 9% on the year.

Romaero is 51.9%-owned by the Economy Ministry, which said in June it was considering privatizing the company. Other shareholders include SIF Muntenia (SIF4.RO) (25.8%) and Fondul Proprietatea (FP.RO) (21%).

On the Rasdaq market in Bucharest Thursday, Romaero was trading up 6.45%, at RON16.5 a share. Considering this price, the company’s market capitalization is RON103 million. (EUR1=RON4.4536)