Its net profit rose 22% to RON2.6 million (EUR595,000) last year, from RON2.1 million in 2012, according to the company’s preliminary financial report.
Transilvania Construcții registered operating profit of RON4.9 million in 2013, similar with the level recorded a year before, while its financial loss dropped 31% to RON1.6 million, from RON2.3 million in 2012.
In 2013, the company’s operating revenues fell 36% to RON20.5 million, while operating costs dropped 43% to RON15.5 million, according to the report.
In 2012, Transilvania Constructii registered operating revenues of RON32.1 million and operating costs of RON27.2 million.
Transilvania Constructii is owned by the Timofte family, which holds 92.8% of the company’s shares.
On the Bucharest stock exchange Wednesday, Transilvania Constructii fell 9.32% to RON53.05 a share.