Operating profit rose 27% to $120,771, Rominserv Valves said Wednesday.
The industrial fitting manufacturer estimates full-year sales will reach $10 million.
Rominserv invested over $500,000 in 2011 to increase production and reduce energy costs. Total investments between 2006 and 2010 stood at approximately $3.5 million, general manager Ioan David said.
Founded in 1969, Rominserv Valves Iaifo Zalau became member of the Rompetrol Group in 2004. The company is one of the largest producers of cast iron and steel fittings in Romania.
The Rompetrol Group is fully owned by Kazakhstan’s KazMunayGas.