Its operating income fell 11.6% to RON179 million and its operating expenses fell 9.9% to RON177 million, which triggered an operating profit of just RON1.68 million, versus RON5.61 million reported in 2019.
Argus Constanta is 86.4% owned by SIF Oltenia (SIF5.RO) and has a market value of RON69.7 million. UARG shares have been trading up 8.33% since the beginning of 2021, amid deals worth RON21,723.