Net profit surged 460% to RON1.6 million, while the average number of employees went up by 11 to 45.
The officials of the company could not be reached for comment on the 2016 results by press time. The iStyle chain numbers 22 brick and mortar stores and an online store, according to its website.
iStyle Retail SRL’s owner is iStyle Professional Services, in turn held by Dora Popeneciu, the general manager of the iStyle chain (10%) and iStyle Cyprus Limited, based in Cyprus, which owns the rest, according to the Official Gazette. The Cyprus-based company took over the 90% from Powercom Inc., based in the British Virgin Islands, last November.
(English version by Loredana Fratila-Cristescu)