Vae Apcarom reported a 39% increase in its sales to RON46.5 million, from RON33.4 million in the first six months of 2012.

In the first half last year, the company posted a net profit of RON0.726 million.

Vae Apcarom said total revenue rose 56% on the year to RON57.5 million in January through June 2013, while overall costs increased 54%% to RON55.3 million.

The results are computed according to international accounting standards.

Vae Apcarom has a share capital of RON7.38 million, split into 73.8 million shares with a face value of RON0.1. Austrian group Voestalpine owns almost 93% in the company.

On the Bucharest bourse Tuesday, Vae Apcarom closed up 2.72% at RON0.6985 a share, valuing the company at RON51.5 million. (EUR1=RON4.4304)