Its turnover dropped 15.5% to RON118.2 million, from RON139.9 million.
The company’s revenues decreased 13% to RON134.6 million in January-September, and overall costs fell almost 12% to RON129.3 million.
Artego is 70%-owned by the employees’ association. Its shareholding structure also includes Electroarges, held by businessman Catalin Chelu, with a 10.32% stake.
On the Bucharest bourse Thursday, Artego was trading at RON11 a share. Considering this price, the company’s market capitalization is RON109.44 million. (EUR1=RON4.4536).