It said its net profit shrank by around 30% to RON5 million, from RON7.1 million in 2011.
Vae Apcarom’s costs rose 4% to RON90.1 million last year, from RON86.4 million in 2011. Its sales reached RON90.8 million, compared to RON90.1 million in 2011.
Austrian steelmaker Voestalpine owns 92.9% in the company.
On the Bucharest bourse Tuesday, Vae Apcarom traded down 4.5%, at RON0.75 per share. (EUR1=RON4.3998)