Consequently, the operating result was loss of RON14.6 million, compared with loss of RON66.5 million reported in the first nine months of 2023.
The company’s turnover was down 15.1% on the year to RON156 million, being impacted by a decline in raw oil sales and the negative trend of sale prices across all categories of products.
Argus has a market value of RON58.3 million and is 91.4%-owned by Infinity Capital Investments. UARG shares have traded down 21.6% so far in 2024, amid deals worth RON130,600, as per stock market data.