In the first quarter of 2012, the company had reported losses of RON1.6 million, versus a profit of RON187,444 in the same interval a year ago.
Its turnover dropped 37% in the first semester to RON17.1 million, from RON27.2 million in the first half of 2011, the company said in a statement sent to the Bucharest Bourse.
Revenues increased 4% to RON33 million from RON31.7 million, while expenditure increased 6% to RON33 million from RON31.2 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 July 27, when they closed up 2.08% at RON1.96. (EUR1=RON4.5362)