In the first half of 2012, Electroarges had a turnover of RON72.7 million and a profit of RON6.46 million.
The company’s total revenues increased 18.8% in the first half, from RON74 million to RON87.9 million, but expenses rose 22.4%, to RON81.3 million, according to its report to the Bucharest Stock Exchange.
Electroarges’ own capital increased to RON50.57 million, from RON44.9 million at the beginning of the year.
Businessman Catalin Chelu indirectly controls about 24% of the company’s shares, and firm Bran Oil holds a 29.68% stake.
Electroarges shares closed up 3.08% Tuesday, at RON0.6360/share.