In January to September 2012, Uztel reported sales of RON40.6 million.
The company’s net profit dropped 42% to a little over RON0.6 million in the first nine months of 2013, from RON1.05 million a year earlier. The company didn’t give a reason for the lower profit.
Uztel’s revenues fell 6.25% on the year to RON67.3 million in the January-September period, while overall costs declined 6.4% to RON65.97 million.
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 2010 due to financial difficulties on the backdrop of the global economic crisis.
At around 11:04 am Thursday, Uztel traded down 8% at RON2.07 a share in Bucharest. (EUR1=RON4.4536)