Its net profit dropped to RON1.03 million last year, from RON1.3 million, according to the company’s preliminary financial report.
The company’s overall expenses decreased 42% in 2012 to RON31.2 million, from RON54 million in the previous year.
Transilvania Constructii registered sales of RON34.9 million in 2012, down 18% on the year.
The preliminary results are calculated according to the International Financial Reporting Standards (IFRS).
The company has a share capital of RON31.2 million split into 945,803 shares with a face value of RON33 a share.
Stockholders include Mircea Timofte, with 30.1% of the shares, Gabriela-Camelia Timofte with 29.4%, regional investment fund SIF Banat-Crisana (SIF1. RO) with 19.04%, and privatization authority AVAS with 3.17%.
On the Bucharest stock market Friday, Transilvania Constructii was trading up 2.2%, at RON32 a share. (EUR1=RON4.3844)