The company reported sales of RON33.4 million, down 22% from RON43 million in the first half of 2011.
Vae Apcarom said total revenue fell 18% on the year to RON36.8 million in January through June, while overall costs declined 15.6% to RON35.2 million.
Vae Apcarom has a share capital of RON7.3 million, split into 73.7 million shares with a face value of RON0.1. Austrian group Voestalpine owns almost 93% in the company.
On the Bucharest bourse Monday, Vae Apcarom closed up 0.79% at RON0.635 a share. (EUR1=RON4.5364)