In January to June 2010, Argus reported net profit of RON5.7 million.
Argus said total revenue increased 65% on the year to RON117.8 million in the first half, while overall costs went up 72% to RON112.6 million.
Sales rose 35% to RON104.8 million, from RON77.5 million in the first six months of 2010, boosted by higher retail prices.
Argus operates an edible oil company in Constanta and owns several grain storages in counties Constanta, Calarasi and Tulcea. Local businessman Catalin Chelu owns 40.74% in the company, while regional investment fund SIF Oltenia (SIF5.RO) holds a 32% stake.
Wednesday, Argus closed up 2.55% at RON4.512 a share in Bucharest. (EUR1=RON4.2228)