The net result was profit of RON4.9 million in the first nine months of 2023, up 38% on the year, while operating expenses fell by 4% to RON239.1 million. The operating profit climbed to RON11 million from RON6.8 million.
“Total assets grew by 5% in January-September 2023 to RON202 million, due to a 77% surge in cash position, up to RON12.2 million, and a 4% rise in current assets, up to RON111.2 million. The increase in total assets was also impacted by deferred expenditure, in the amount of RON5.7 million, which represent advance payments for taxes, insurance and chicken”, the report reads.
AG shares have gained 19.4% so far in 2023, amid deals worth RON5.7 million. The company has a market value of RON109 million. The Grop is 68.25%-owned by entrepreneur Horia Cardos.