In January to March last year, Uztel reported a loss of RON2.6 million.
Uztel said total sales rose 68% to RON25 million in the first quarter, from roughly RON15 million a year earlier.
Revenues inched down 1.6% on the year to RON25.4 million, while costs slid 6.8% to RON26.5 million.
Uztel has a share capital of RON11 million split up into 4.4 million shares with a face value of RON2.5.
Uztel is majority owned by the employees’ association, with an 83.8% stake.
The company estimates a net profit of RON10.1 million in 2012, almost double from RON5.4 million in the previous year.
Uztel’s shares were most recently traded in Bucharest in August 2010 at RON2.25 a unit, down 10% on the day. (EUR1=RON4.4165)