The company’s sales totaled RON28.2 million in the first semester, more than two-times higher from RON12 million in the same period a year ago.
Upet posted 20% lower revenue in January to June, at RON32.4 million, from RON40.7 million during the same period in 2011.
The company’s costs stood at RON32.1 million, down 24.4% on the year.
Upet is owned by Cyprus’ Obsesione Enterprises and Ogetto, each with a 33% stake, while other stockholders hold a total 34% in the company.
On Thursday, Upet shares on the Bucharest Bourse closed up 15%, at RON1.33 per unit. (EUR1=RON4.4924)