Ropharma said total sales rose 7.3% to RON107.3 million (EUR24.6 million) in the first three months, from roughly RON100 million in the same period of 2011.

Overall revenues increased 6.6% on the year to RON108.7 million, while total spending rose 12.4% to RON106.7 million.

Ropharma is indirectly owned by local businessman Mihai Miron.

The company has a share capital of RON29.1 million, split into 291 million shares with a face value of RON0.1.

On the Bucharest bourse Tuesday, Ropharma closed flat at RON0.67 a share. (EUR1=RON4.4411)