Net profit rose 15-fold to RON19.5 million (EUR3.9 million) in 2022 from RON1.2 million (EUR257,000) in 2021, public data show.

The Botosani-based supplier of low and medium-voltage equipment held by entrepreneur Gheorghe Ciubotaru had 207 employees on average last year.

(English version by Loredana Fratila-Cristescu)