The company’s shares were suspended from trading Tuesday afternoon.
Dafora applied for insolvency in June 2015 and its 19 creditors include, among others, Telekom Romania Communications and RCS & RDS. The court admitted the request submitted by Discret Plaza SRL for the opening of bankruptcy procedures and ruled on the start of the operation and the dissolution of the company.
Insolvency specialist CITR – Filiala Cluj SPRL was designated judicial liquidator.
In Q1/2023, Dafora reported a loss of RON1.4 million, from a RON2.7 million loss in the same period of 2022, and revenue of RON7.6 million, up 458% on the year, as per data from its quarterly financial report.
In 2022, Dafora had revenue of RON11.9 million, down 85.8% from RON83.6 million in 2021. The Group had a loss of RON2.5 million in 2022, from a loss of RON3.4 million in 2021.
Dafora has a market value of RON12.5 million and is 49.96%-owned by Gheorghe Calburean, while Foraj Sonde SA, a company listed on the stock market, holds 12% of Dafora share capital. DAFR shares have traded 3.5% higher so far in 2023, amid deals worth RON561,500, stock market data show.