This is largely due to the decline in operating revenue and the increase in financial expenses, the company said in its report to the Bucharest Stock Exchange.
Operating revenue went down 28% to RON3.814 milion as a result of the decline of the ‘other revenue’ category by 82% to RON402,000 in the first quarter of 2025. Revenue from sale of services increased by 12% from RON3.036 million in the first quarter of 2024 to RON3.412 million in the first quarter of 2025, the company said in its quarterly report.
Financial expenses went up 152% to RON116,000, while operating expenses decreased by 3% to RON2.6 million.
(English version by Loredana Fratila-Cristescu)