The company posted sales of RON283.7 million, compared with RON348 million in January-September 2011.
Titan said in its quarterly report that the operating profit more than halved to RON8.8 million, from RON20.5 million, and financial costs were higher.
Total revenue dropped 20% on the year to RON286.5 million, while overall costs were 16% lower, at RON291.2 million in the analyzed period.
The company is indirectly owned by Austrian financial group Raiffeisen.
Thursday in Bucharest, Titan shares closed down 7.1% at RON0.26, valuing the company at RON106.2 million. (EUR1=RON4.5379)