“Port traffic declined 9.7% on the year in the first nine months of 2013, equal to 178,000 tons of cargo,” Socep said in its financial report.
In January through September 2012, the port operator reported sales of RON41.33 million.
Socep posted a net profit of RON2.72 million in the first nine months of 2013, down from RON2.86 million a year earlier.
Total revenues fell 6.5% to RON42.4 million, while overall costs were down 6.1% to RON39.2 million.
Socep has a share capital of RON34.3 million, split into 343.4 million shares with a face value of RON0.1.
The port operator is majority owned by cousins Niculae and Ioan Dusu
DD group from Constanta, owned by businessmen Ion and Nicolae Dusu, holds 31.8% of Socep’s shares. Other holders include individual Stere Samara, with a 10.5% stake.
At around 10:30 am Thursday, Socep traded up 6.19% at RON0.1699 a share in Bucharest, valuing the company at RON58.34 million. (EUR1=RON4.4536)