Argus posted profit of RON249,400 in the first nine months of the year, compared to a loss of RON575,600 in the same period in 2013, due to good operating results.
Its operating revenue rose 24% to RON105.45 million, from RON85.2 million in the year-earlier period, after reducing stocks four times to RON5.44 million in January-September, from RON22.9 million in the same period in 2013.
The company’s operating costs advanced 23% to RON103.7 million in the first nine months, from RON84.3 million a year ago, while staff expenses climbed 24% to RON5.73 million, compared to RON4.62 million in the first nine months of 2013.
SIF Oltenia owns 85.75% of Argus Constanta shares.