Its net profit increased 76.3% on the year to RON12.89 million in 2012, from RON7.31 million in 2011.
The company’s revenues rose 11.5% to RON145.7 million, while overall expenses climbed 7% to RON130.56 million.
Businessman Catalin Chelu indirectly controls about 24% of the company’s shares, and firm Bran Oil holds a 29.68% stake.
On the Bucharest stock market Friday, Electroarges was trading up 1.36%, at RON0.669 a share. (EUR1=RON4.3844)