Its operating profit was RON3.4 million in 2020, up 147.7% on the year.
End-2020, the company had total assets of RON131.6 million, lower by RON23 million versus 2019, and equity of RON55.7 million, lower by RON18.5 million than at the end of 2019.
In 2020, the company had exceptional expenses of RON27.4 million, made up of a RON17 million financial loss reported in the first half of 2020, provision expenses for overdue claims and loss claims (RON5 million), provisions expenses for stock adjustment and cassation (RON1.2 million), expenses for additional amortization compared with 2019 (RON4.1 million).
Electroarges shares have been trading up 1.7% since the beginning of 2021, amid deals worth RON240,00, per stock market data.
Electroarges is 36.8% held by Investments Constantin and 12.8% owned by Dumitru Tudor. The company has a market value of RON62 million.