The company reported turnover of RON68.48 million and loss of RON4.13 million in the first six months of 2012.
UCM’s revenues plunged 70.7% to RON22.49 million and costs fell 38.3% to RON49.85 million in January through June 2013.
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 96.79% stake in the company.
UCM entered insolvency in December 2011. (EUR1=RON4.4201)