Electroarges issued 33.35 million new shares with a face value of RON0.1.
In its call to shareholders in June, Electroarges said it planned to increase its capital by RON5.72 million to RON8.58 million to finance investments.
Electroarges reported net profit of RON4.3 million in the first half, up 23% on the year, on total sales of RON64 million.
On the Bucharest bourse Wednesday, Electroarges closed down 1.97% at RON0.795 a share. (EUR1=RON4.3479)