Operating revenue increased by 7% to RON315.7 million and operating expenses rose by 5% to RON298.7 milion. Operating income stood at RON17 million, 53% higher, the group said in its financial report to the Bucharest Stock Exchange.
The group owns the largest farm supply store chain in Romania and its market value is RON103 million. Its shares have lost 4% in the past 12 months.
Horia Cardos owns 68.3% in Agroland Business System.
(English version by Loredana Fratila-Cristescu)