Revenue stood at RON164,050 on June 30, 2023, down from RON1.35 million in the same period last year as a result of a slowdown in the company’s operations, according to the financial report published on the Bucharest Stock Exchange.
Specifically, Germina did not record any revenue from the provision of services, rents and production sold/sale of goods, company representatives wrote in the half-year report. At the same time, operating expenses decreased from RON4.5 million by 77% to RON1.06 million.
Germina Agribusiness Bucuresti is 90.7% owned by SIF Muntenia (SIF4).
(English version by Loredana Fratila-Cristescu)