In January-September last year, the company posted a net profit of RON9.1 million.
Electroarges said total costs rose 17.4% on the year to RON115.73 million in the first nine months of 2013. Revenues increased 14.6% to RON125.1 million, according to the company’s financial report.
Sales were up 14.8% to RON121.7 million, from RON105.5 million in the year-ago period.
Electroarges is 24%-owned by local entrepreneur Catalin Chelu.
Thursday morning, Electroarges’ shares traded flat at RON0.69 in Bucharest, valuing the company at RON55.78 million.(EUR1=RON4.4536)