Agroland Business Systems has a capitalization of RON218 million and its shares dropped 8% on the Bucharest Stock Exchange on Monday morning.
It is 76.5% owned by Horia Cardos.
Total revenue from sales of goods stood at RON117 million, compared with RON125 million last year, its financial report published on Monday shows.
Operating spending rose 7% to RON119 million, which means the operating income went down to RON8.8 million from RON10 million in the first half of 2020.
(English version by Loredana Fratila-Cristescu)