In the first nine months of 2013, the company had a turnover of RON118.2 million and a net profit of RON4.47 million.
Revenues and expenses declined 12%-13%. Total revenues dropped from RON134.62 million to RON117.02 million, while expenses dropped from RON129.38 million to RON113.51 million.
Total debt dropped 16.58%, to RON2.1 million.
The company’s assets grew nearly 5%, to RON151.14 million, while its total capital declined sightly to RON88.4 million.
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, and Gotera 2012 with 10.49%.
Artego last traded Thursday in Bucharest, down 4.4%, at RON8.7 a share.