The company’s revenues dropped to RON51.2 million in 2012 from RON124 million in the previous year, and overall expenses fell to RON50.7 million from RON122.5 million.
Severnav registered net profit of RON0.48 million, from RON1.4 million.
Romanian investment fund Fondul Proprietatea (FP.RO) owns 39.1% in Severnav, while International Railway Services and Investment Group hold stakes of 29% and 21.33%, respectively.
Severnav last traded in Bucharest on January 22 at RON2 a share. (EUR1=RON4.3643)