Its net result resulted in loss of around RON500,000, compared to RON1.3 million profit report in the same period of 2023.
“In the analyzed period, the consolidated revenues marked a decrease of 15%. As can be seen in the table above, the central element that caused the decrease in revenues was related to the sale of goods, but also the revenue related to the resale of security licenses which decreased by 12%. Expenses related to goods also decreased, naturally in this context, with a percentage similar to the income related to this line of business. Personnel and collaborators expenses decreased by 27% from RON6.4 million to RON4.7 million and depreciation expenses increased due to the depreciation of goodwill (investment in ISEC shares). In this context, the gross loss for the period stood at RON405 thousand and the net loss at RON499 thousand”, the report reads.
Fort listed its shares on the AeRO market on May 17, 2024. Fort shares have traded up 9.3% over the last month and down 4% over the last six months. Valued at RON47.5 million, the company is 58.9%-owned by Bittnet and 14.8% held by ATM Ventures.