In January to March last year, Uztel reported a loss of RON3.3 million.
Uztel said total revenue rose 32% on the year to RON25.87 million in the first quarter, while overall costs were up 24.4% to RON28.49 million.
The company’s turnover stood at RON14.9 million, up nearly 79% on the year.
Uztel has a share capital of RON11 million split up into 4.4 million shares with a face value of RON2.5.
According to the most recent data, Uztel is majority owned by the employees’ association, with an 81.22% stake. The company filed for insolvency last year, because it couldn’t find a viable strategy to jump-start operations, which were hit hard by the economic and financial crisis.
Uztel estimates it will swing to net profit of RON7.2 million in 2011, versus a loss of RON17.6 million in 2010.
Uztel’s shares were last traded in Bucharest in August 2010 at RON2.25 a unit, down 10% on the day. (EUR1=RON4.0997)