Still, the figure is 64.2% higher compared with RON15.6 million reported in 2010.
The company didn’t give a reason for the lower forecast.
Cocor estimates earnings before interest, taxes, depreciation, and amortization (EBITDA) of RON10.86 million in 2011, up 84.6% on the year.
Total revenues are forecast at RON29 million, up 32% on the year, while overall costs are seen rising 7% to RON27.9 million.
In 2010, Cocor reported a loss of RON4.15 million.
Cocor has a share capital of RON12 million, divided into 301,691 shares with a face value of RON40.
Regional investment fund SIF Transilvania (SIF3.RO) holds a 10.24% stake, while SIF Muntenia (SIF4.RO) holds 10%. Other shareholders include investment fund Broadhurst Investments (13.32%), Daniel Stoica (14.66%) and Liviu Ursan (14.83%).
On the Bucharest bourse April 21, Cocor closed flat at RON190 a share. (EUR1=RON4.086)