Its net turnover worth RON47.2 million dropped by RON10.6 million versus the first quarter of 2022. Staff costs climbed 24% on the year to RON10.3 million and its EBITDA shrank by 32% on the year to RON16.7 million in Jan-March 2023.
Overall, Cemacon’s assets stood at RON386.8 million in Jan-March 2023, up 5% on the year. Its current debts decreased by 33% from RON60.6 million to RON45.3 million as a result of payments to suppliers of fix assets.
CEON shares have gained 5% so far in 2023 and 10% over the last 12 months. Valued at nearly RON440 million, the company is 78.2%-owned by Paval Holding.