Condmag Brasov (COMI) stays in the red

The gas trunkline builder Condmag Brasov, controlled by businessman Gheorghe Calburean, through Dafora Medias (DAFR), reported losses for Q1/2013 of RON 6.54mln (EUR 1.5mln), slightly lower than those posted in the first three months of 2012, while the company sales climbed 13%, to RON 17.8mln (EUR 4.05mln). Condmag budgeted for this year a net profit of RON 2mln, after last year it posted losses of RON 26mln. Condmag titles increased by over 4% during yesterday’s trading session, to RON 0.0938/unit, while the company’s market capitalization stood at RON 35.8mln (EUR 8.26mln).