The company’s assets decreased 4% in the first half compared with end-2017, to RON116 million, while its total debt remained stable at RON139.9 million.
Dafora Medias shares started trading again on the Bucharest Stock Exchange last fall, after the company went through two years of insolvency. Shares declined 33% in June, when shareholders lowered the company’s share capital from RON100.2 million to RON5 million, to cut previous losses.
Dafora is majority owned by businessman Gheorghe Calburean, with a nearly 50% stake. The company’s second largest stockholder is Foraj Sonde, with a 13% stake, and the remaining shares are distributed among various investors on the stock market.