Vrancart reported total revenue of RON180.2 million in 2012, up 10% on the year, while overall costs rose 5.6% to RON170.5 million.
Operating profit increased to RON12.2 million, from RON5.9 million in 2011.
The company’s results are computed under IFRS accounting standards.
Vrancart is majority owned by regional investment fund SIF Banat-Crisana (SIF1.RO), with a 74.7% stake.
On the Bucharest stock exchange Tuesday, Vrancart closed up 0.4% at RON0.076 a share. (EUR1=RON4.3745)