Arsis Trading, which is fully owned by entrepreneur Radu Mirea, is one of the oldest actors of on the GSM retail market and started as a Connex (currently Vodafone) partner in 1998, with which it continues to work exclusively even today.
Arsis gets revenue from Vodafone in form of fees for the sale of services provided by the operator and from sale of phones, tablets and accessories. Its net profit went up almost ten times faster, by 19.6% to RON8.8 million, according o Finance Ministry data.
Net profit margin stood at 5.8% in 2017, up almost 1% on the previous year. The average number of employees was flat, 645. It had total debt of RON60.9 million at the end of last year, 15.2% higher than in 2016. (EUR1=RON4.6587)
(English version by Loredana Fratila-Cristescu)