The company said the drop in revenue was due to discounts offered to retail partners amid difficult economic conditions sparked by the pandemic, as well as provisioning.
Bucur Obor reported total revenues of RON8.22 million in the first quarter, down 4.11% on the year, and expenses of RON4.99 million, up 7.46% on the year.
The company has a stock market capitalization of RON254 million and is 54.4% held by Amadeus Group, which is fully owned by Laurentiu Postovaru, while Gelu Manea holds a 16% stake.