The company had a turnover of RON201.2 million and a net profit of RON11.7 million.
Artego’s overall revenues dropped nearly 20% last year, to RON176.6 million and expenses were lowered 17%, to RON170.4 million, the company said in a statement to the Bucharest Stock Exchange Monday.
In 2012, Artego had revenues of RON219.4 million and expenses of RON205.5 million.
Artego is the sole conveyor belt producer in Romania and its clients include major local energy companies and companies in Italy, Spain, Finland, UK, France,a nd the United Arab Emirates.
The company is 70% owned by the employees’ association. Its shareholding structure also includes Electroarges, held by businessman Catalin Chelu, with a 10.32% stake.
Artego shares were trading flat at RON10.1 a share midday Monday.