The company’s revenue plunged 55% to RON52.1 million in the first six months of 2024, from RON116.4 million in the same period of 2023. Expenses shrank by 41.7% to RON62 million, the report shows.
Electromagnetica has a market value of RON144 million.
Electromagnetica is 65%-owned by Infinity Capital Investments (INFINITY).