In the first quarter of 2011, Stirom posted profit of RON5.21 million and sales of RON38.97 million.
The company’s total revenue dipped 4% in the first three months of this year, to RON46.8 million, while total expenses increased by 5.3% to RON44.79 million, according to information transmitted to the Bucharest Stock Exchange.
Founded in 1966, Stirom was purchased in 2003 by Greece’s Yioula Glassworks. The Greek company, through its Cyprus-based unit MGL Mediterranean Glass, owns 93.4% in Stirom.
Stirom shares closed 7.14% higher on the day at RON6, amid a rising market. (EUR1=RON4.4452)