Compa said in a statement its board decided the extension of the duration regarding the temporary reduction of the company’s activity for the period June 1 – June 30, 2020 for economic, technological, structural, or similar reasons, respectively reduction of the volume of orders.
The company is 19% owned by Ioan Deac, board chairman and general manager, and 18.75% by Ioan Miclea, while 62.2% of the share capital is divided among several capital market investors, including the Norway Sovereign Fund.
Compa had a net profit of RON5.9 million in the first quarter of 2020, just half of what it reported in the same period last year. It had a turnover of RON172 million, down 16.5% on the year.