At the end of March, Electroarges’ revenue stood at RON38.6 million, 7% higher on the year, while expenses amounted to RON33.6 million, 2% higher on the year. In the first quarter of 2011, revenue totaled RON36.1 million and expenses totaled RON32.9 million.
According to the latest reports, Catalin Chelu indirectly owns 23.77% of the company’s stock. Shareholders also include Bran Oil, owned by Viorel Branea, with 25.8%.
On Monday, Electroarges traded at RON0.23 per share. (EUR1=RON4.4373)