The company’s revenues dropped 28.4%, to RON34.53 million, according to a preliminary report sent to the Bucharest Stock Exchange Friday.
The company had debts to RON107.68 million at the end of 2013, virtually unchanged from the end of the previous year.
Turbomecanica said late August 2013 it was looking to sell a 3.3-hectare plot of land in Bucharest after it relocated its production unit.
Turbomecanica shareholders include board chairman and general manager Radu Viehmann, who owns a 25.92% stake, Dana Maria Ciorapciu, with 15.16% of the shares and Sorin Tudor Cioprapciu who owns 9.1%.
Turbomecanica shares were down 4.59% on the Bucharest Stock Exchange Friday, trading at RON0.0291 a share.