The result came amid “rising prices of energy, fuel, as well as inflation,” reads the company’s quarterly report, where it estimates RON1.6 million net losses for 2022.
Operating revenues reached RON81.4 million, up 6% from the first nine months of 2021. On the other hand, operating expenses rose more quickly, by 12% from the same period of 2021, to RON78.6 million.
The company’s operational result dropped by 57%, to RON3 million, amid the fastest cost advance.
Agroserv will continue to apply a strict cost management, which will lead to lower transport and administrative costs.
The company’s shares have lost 43% this year amid RON10 million deals. It has a RON66.3 million capitalization.
(English version by Catalina Apostoiu)