Trading in Argus shares was suspended starting September 16, 2011, in order to clarify a situation regarding the company’s management, namely, a dispute between businessman Catalin Chelu and regional investment fund SIF Oltenia over Argus’ control.
The Bucharest Stock Exchange has not announced yet when trading in Argus shares will be resumed.
In 2012, Argus reported turnover of 146.5 million lei (EUR32.8 million), down 36% from RON231 million a year before, and loss of around RON21 million.
In the first quarter of 2013, Argus reported turnover of RON14.1 million and loss of RON4.5 million. The company did not provide its financial results for the first three months in 2012.