UCM Resita said total revenue fell 6.6% on the year to RON75.3 million in January to June, while overall costs dropped 20% to RON99.3 million.
The company’s turnover stood at RON63 million, up 19.5% on the year.
UCM Resita was privatized in 2003, when Swiss company INET and UCM employees association took over the majority stake, in a EUR13.1 million deal. INET currently owns a 96.39% stake in the company.
On July 25, UCM Resita closed down 14.78% at RON0.098 a share in Bucharest. (EUR1=RON4.2236)