Uztel said total sales were slightly down in the first semester, to RON28.8 million, from RON29.2 million a year earlier.
Revenues inched up 3% on the year to RON49.7 million, from RON48.1 million a year earlier, while costs decreased 5% to RON48.6 million, from RON48.6 million.
Uztel is majority owned by the employees’ association, with an 83.8% stake. In 2011, the company entered insolvency, on its operations being affected by the economic crisis.
End-June, the company reported debts of RON70 million, from RON98 million during the same period a year ago, and RON23 million worth of receivable, from RON29.8 million year ago.
Uztel’s shares were most recently traded in Bucharest in August 2010 at RON2.25 a unit, down 10% on the day. (EUR1=RON4.5362)