In 2011, Uztel posted net profit of RON5.4 million.
The company’s sales declined 24% on the year to RON58.8 million in 2012.
Uztel said operating income fell 4% to RON95.8 million in 2012, while overall costs inched down to RON91.4 million, from RON92.4 million a year earlier.
The company 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 entered insolvency in 2011 due to financial difficulties on the backdrop of the economic crisis.
On the Bucharest bourse Thursday, Uztel closed down 5.97% at RON2 a share. (EUR1=RON4.4106)