The decision, discussed by shareholders on July 4, comes after the company posted a loss of RON2.8 million in the first quarter, as opposed to a net profit of RON397,000 in the same interval of the previous year.
First quarter sales dropped 9% on the year, to RON22 million, from RON24.2 million.
Revenue declined 3%, to RON24.7 million, while expenditure increased by 10%, to RON27.6 million.
The company is 70.83% owned by businessman Ioan Popa. (EUR1=RON4.1208)