For the 2013 fiscal year, Titan forecasts a 30% increase in its sales to RON369.6 million.
Titan reported a net profit of RON1.28 million for the October 2012-March 2013 period, down 19% on the year.
Overall revenues rose 18.4%on the year to RON164.8 million, while total costs increased 18.8% to RON163.4 million, the company said in its financial report.
The company has a share capital of RON40.84 million split up into 408.48 million shares with a face value of RON0.1. Titan is 97.85%-owned by Goodmills Group Vienna, a unit of Austrian banking group Raiffeisen.
On the Bucharest bourse May 3, Titan closed up 5.77% at RON0.275 a share. (EUR1=RON4.3375)