The company registered turnover of RON91.88 million in the first half of 2012 and net profit of RON3.08 million.
Its total revenues dropped 5.6% to RON95.81 million and overall costs fell 7.9% to RON89.96 million.
At the beginning of the year, the company estimated its profit would fall six times in 2013 to RON2 million. Its revenues are expected to decrease 18% to RON180 million, and costs are seen at RON177.4 million, down 13.6% on the year.
Artego is 70%-owned by the employees’ association. Its shareholding structure also includes Electroarges, held by businessman Catalin Chelu, with a 10% stake.
Artego last traded in Bucharest on August 12, at RON8.9 a share.