Vae Apcarom’s sales tripled to RON16.26 million, from RON5.59 million in January-March 2010.
Revenue rose 71% on the year to RON20.49 million, while expenditure rose 64.8% to RON20.49 million.
The company expects a net profit of RON7.34 million this year, up 26.3% on the year.
In addition, sales are expected to rise 22.6% to RON90.79 million, from RON74.03 million in 2010.
The company has a share capital of RON7.3 million, divided into 73.7 million shares with a face value of RON0.1. Austrian group Voestalpine owns almost 93% in the company.
Vae Apcarom shares closed Monday at RON0.85, up 1.19% on the day. (EUR1=RON4.1039)