The company’s turnover rose 10.9% last year, to RON972.5 million, from RON876.75 million in 2013.
Early 2014, TMK-Artrom estimated 25.4% higher sales for last year, at RON1.1 billion, while the net profit was seen up 5.4-fold at RON64.5 million.
TMK-Artrom is 92.6%-owned by TMK Europe, a division of Russia’s TMK.
Monday, TMK-Artrom closed up 1.3% at RON2.35 a share in Bucharest, valuing the company at RON273 million. (EUR1=RON4.4407)