Expenses and debts reached RON10.6 million and RON23.2 million, the company said in a report to the Bucharest Stock Exchange on Friday.
The document also includes the spending and revenue budget for 2023, which was approved following a resolution of the Ordinary General Meeting of Shareholders on March 30. Thus, the company is aiming for slightly higher revenue, RON14.26 million and RON2.3 million net profit, down 23.4% year-on-year. Meanwhile, expenses should increase 8% to RON11.5 million.
Cocor’s shares have gained 1% in the past twelve months, on a traded volume of just RON14,000, to a market value of RON28.66 million. Shareholders include Liviu Ursan (14.8% stake), Daniel Stoica (14.7%), Broadhurst Investments Nicosia (13.3%), Transilvania Investments Alliance (10.2%) and SIF Muntenia (10%).
(English version by Loredana Fratila-Cristescu)