Turbomecanica said revenues fell 14.7% to RON11.6 million in January through March, while costs declined 20.4% to RON13.26 million.
Sales dropped 15.6% to RON9.76 million.
The company swung to operating profit of RON0.33 million in the first quarter, versus a loss of RON2.02 in the same period a year earlier.
The aircraft parts maker has a share capital of RON36.9 million split into 369.4 million shares with a face value of RON0.1.
At around 11:20 am Monday, Turbomecanica traded down 0.36% at RON0.028 a share in Bucharest, amid a slightly rising market. (EUR1=RON4.3366)