In 2010, Electroarges reported net profit of RON7.58 million.
Electroarges said total sales rose 20% on the year to RON125.6 million in 2011.
On the Bucharest bourse Tuesday, Electroarges closed down 2.63% at RON0.304 a share. (EUR1=RON4.3473)
Retail&Consumer
Electroarges 2011Net Profit Slips To RON7.26M
Romanian home appliance manufacturer Electroarges Curtea de Arges (ELGS.RO) Tuesday said its net profit slid 4.1% to 7.26 million lei (EUR1.67 million) in 2011, on higher costs.