Electroarges reported turnover of RON94.58 million and net profit of RON5.36 million in the first nine months of 2011.
The company’s total revenue rose 13.66% to RON109.18 million and its total expenses increased by 10% to RON98.52 million on the year in January-September 2012.
According to the latest reports, businessman Catalin Chelu indirectly owns 23.77% of the company’s stock. Shareholders also include Bran Oil, owned by Viorel Branea, with 29.68%.
On the Bucharest Stock Exchange Wednesday, Electroarges shares opened up 5.61%, at RON0.301 per share. (EUR1=RON4.531)