Losses were triggered by a 38% increase in overall expenses to RON10.4 million in the first quarter, from RON7.5 million in the same timeframe of 2011.
Revenues increased 23% to RON9.5 million from RON7.7 million in the first three months a year before.
The company’s turnover stood at RON4.7 million in the first quarter, down 19% on the year.
Transilvania Constructii has a share capital of RON31.2 million, split into 945,803 shares with a face value of RON33.
Stockholders include Mircea Timofte, with 30.14%, Gabriela-Camelia Timofte, with 29.46%, regional investment fund SIF Banat-Crisana (SIF1. RO) with 19.04%, and privatization authority AVAS with 3.17%.
On the Bucharest bourse Monday, Transilvania Cosntructii shares traded down 0.8% at RON25.79 a share. (EUR1=RON4.4411)