It also said its profit rose to RON3.9 million last year, from RON2.2 million in 2012, according to the company’s preliminary financial report.

The company’s expenses shrank 5% to RON54.6 million, from RON57.6 million in 2012.

Socep reported turnover of RON54.3 million in 2013, down 1% from RON55.1 million a year before.

Cousins Niculae and Ioan Dusu indirectly own a 56.4% stake in Socep. DD group from Constanta, owned by businessmen Ion and Nicolae Dusu, holds 31.8% of Socep’s shares.

Socep last traded in Bucharest Tuesday, at RON0.176 a share. (EUR1=RON4.4813)

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