Turbomecanica said revenue rose 3% to RON13.6 million in January through March, but costs increased at a faster pace to RON16.6 million, up 8.5% from the year-ago period.
The company posted sales of RON11.5 million, 8.5% higher from RON10.6 million in the first three months of 2011.
Turbomecanica forecasts it will turn to profit in 2012, after four years of losses. The company eyes a net profit of RON34.3 million, versus a loss of RON19.4 million in 2011.
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.
On the Bucharest bourse Friday morning, Turbomecanica traded up 1.19% at RON0.0425 a share. (EUR1=RON4.3757)