The company also posted 2.5-fold higher losses, from RON1.6 million losses in the first quarter of 2013.
Turbomecanica estimates total revenues of RON42.3 million in 2014, from RON38.9 million in the previous year, the company said.
The company expects it will turn to net profit of RON2.18 million in 2014, versus losses a year earlier, helped by an 8.6% increase in revenues.
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.
According to the latest data, Radu Viehmann, the company’s general manager and head of the board of directors, owns a 25.9% stake in Turbomecanica, while Dana Maria Ciorapciu owns a 15.1% stake.
Wednesday, Turbomecanica traded at RON0.0229 a share in Bucharest. (EUR1=RON4.4503)