In January-September 2011, the company posted a net profit of RON5.22 million.

Vae Apcarom said its sales fell 8% to RON59.8 million in the first nine months, from RON65.1 million a year earlier.

Revenues were down 3.8% to RON66.1 million, while costs declined 4.3% to RON59.7 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 steelmaker Voestalpine owns almost 93% in the company.

On the Bucharest bourse Tuesday, Vae Apcarom closed flat at RON0.674 a share. (EUR1=RON4.5089)