The company posted first-quarter profit of RON477,000, after reporting loss in the same period in 2012.
Vae Apcarom said its turnover rose 26% to RON18.1 million in the first three months of the year, from RON14.3 million in the same period in 2012.
However, the company’s expenses posted an 81% surge in the mentioned interval, similar to the advance in revenues, reaching RON25 million, compared to RON13.8 million in the same period in 2012.
Austrian steelmaker Voestalpine owns 92.92% in the company.
On the Bucharest bourse Thursday, Vae Apcarom traded up 2.75% at RON0.71 a share.