The object of the contract, according to a report to the Bucharest Stock Exchange, is supplying communications infrastructure equipment. The contract is valid until September 30, 2023 and the beneficiary is a ‘private sector customer’, whose name Arctic Stream did not reveal.
Arctic Stream shares have gained 16.7% on RON1.8 million transactions since the beginning of the year and its capitalization stands at almost RON100 million. The majority owner is its founder, Dragos-Octavian Diaconu, with 67%.
The group posted RON82 million revenue in 2022, an increase of 59% on 2021 and RON6.75 million net profit, 54% higher, according to the preliminary financial report. The final results will be announced on April 26, when a General Meeting of Shareholders is scheduled.
(English version by Loredana Fratila-Cristescu)