The company overshot the RON100 milion mark in 2018, but its net profit started dwindling in 2017. While the decline stood at merely 1% in 2017, when the carrier held by entrepreneur Marian Iancu posted more than RON10.6 milion net profit, in 2018 it made RON7 million net profit, some 34% lower than in the previous year. Trans Euro Express ended 2019 with a little more than RON4.3 million net profit, over 37% lower than in 2018, according to the same source.
(English version by Loredana Fratila-Cristescu)