In January-June 2011, the company’s net profit amounted to RON59.6 million.
TMK Artrom’s sales stood at RON464 million (EUR105.7 million) in the first half, from RON433.9 million in the same period of last year.
Revenue was up a mere 0.7% to RON496.3 million, while overall costs rose 6.7% to RON462.4 million, the company said in its financial statements sent to the Bucharest bourse.
Germany-based TMK Europe holds a 92.66% stake in TMK Artrom. TMK also owns steel mill TMK Resita on the Romanian market.
Friday, TMK Artrom shares closed at RON1.39, up 0.7% on the day. (EUR1=RON4.5186)