The company posted revenue of 31.4 million lei (EUR7 million) in the first quarter, 4% higher than RON32.7 million in the year-earlier period.
Romcarbon’s expenses increased 21% on the year to RON33.8 million. The company had turnover of RON31.8 million, up 13.5% on the year.
In 2011, the company’s revenues decreased by 5.3%, but net profit surged to RON2.89 million from a loss of RON530,000 in the previous year.
Romcarbon’s main shareholders are Living Plastic Industry, with a 32.85% stake, followed by Unitai International Corporation with a 20.5% stake and investment fund Eastern Eagle Fund, with a 14.2% stake.
On the Bucharest bourse Friday, Romcarbon closed flat at RON0.16 a share. (EUR1=RON4.4265)