Its assets grew by 25% year-over-year in the first quarter of 2023 to RON446.8 million, in line with calculations by Ziarul Financiar (ZF) daily based on the company’s quarterly financial result published at the Bucharest Stock Exchange.
“The negative net result of 2022 due to registering a depreciation provision of fixed assets in the amount of RON84 million prompts the company to strive to revive amid the existing global scenario against the backdrop of the war in Ukraine, an exaggerated increase in electricity and gas prices. The company’s management believes it restored shareholders’ confidence and will further endorse it”, the quarterly report reads.
The company is 96.4%-owned by ArcelorMittal Holdings AG, while Lion Capital owns a 2.98% stake, which means that only 0.62% represents shares available for trading.
SIDG shares have lost 17.9% since the beginning of 2023 on the AeRO Market of the Bucharest Stock Exchange, amid deals worth RON1,700, as per stock market data.