In 2012, the company had a turnover of RON909.4 million and a profit of RON42.5 million.
TMK Artrom’s operating profit declined to RON29.5 million last year, less than ha;f compared to RON69.5 million in 2012, according to the company’s preliminary earnings report sent to the Bucharest Stock Exchange Monday.
Its debt increased 10%, to RON500.2 million, from RON455.1 million in 2012.
TMK Europe, the Russian group’s German-based subsidiary, owns 92.73% in the company. The Russian group also owns steel mill TMK-Resita in Romania.
TMK Artrom last traded in Bucharest Friday, at a flat price of RON1.874 a share.