UCM Resita said total revenue fell 7% on the year to RON97.6 million in January to September, while overall costs dropped11% to RON152.6 million.
Sales rose 23% on the year to RON96.8 million, the company said in its financial report.
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 November 9, UCM Resita closed up 14.76% at RON0.0723 a share in Bucharest. (EUR1=RON4.3487)