The company reported overall costs of roughly RON64.7 million, down from RON72.1 million in January through September 2010.

Romaero’s net profit fell 38.4% to RON90,000, from RON159,000 in the first nine months of last year.

The company reported total turnover of RON37.5 million lei, down 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 October 26, Romaero closed up 22.14% at RON16 a share. (EUR1=RON4.3288)

Subiecte #RESULTS#ROMAERO