Its turnover dropped more than six times in January-March to RON2.05 million, from RON13.16 million in the first quarter of 2011.
Revenues fell 7.9% to RON12.84 million from RON13.94 million, while expenditure increased 5% to RON14.45 million from RON13.75 million.
Santierul Naval Orsova has a share capital of RON28.5 million, split into 11.4 million shares with a face value of RON2.5.
Regional investment fund SIF Transilvania (SIF3.RO) is the company’s largest shareholder, with almost 50%, while SIF Muntenia (SIF4.RO) holds 13.17% and SIF Oltenia (SIF5. RO) holds a 10.07% stake.
Santierul Naval Orsova shares were last traded on Tuesday, when they closed up 1.22% at RON2.49. (EUR1=RON4.416)