In the wake of this project, the company has a total storage capacity of 25,000 tons – 15,000 through the silo in Calinesti, Rosiori farm and 10,000 through the one at Buciumeni, Frumusani farm. The investment in the silo at F
The investment in the silo at Frumusani farm has amounted so far to 8 million lei. It represents the project’s first phase of developing the storage capacities within this farm,” say the company’s representatives.
According tot them, the company is preparing to start the second stage of development in the following period, which aims to build five new cells of 500 tons each, install a seed selection and treatment station, and storage halls.
The Company refinanced approximately 85% of the related expenses through the syndicated loan contracted in May of this year and announced through current report no. 18 of 11.05.2023.
The group posted consolidated revenues worth RON117.5 million in 2022, up 87% from 2021, and net IFRS profit of RON11.4 million, up 55% from 2021.
Its shares have lost 15.21% this year.
(English version by Catalina Apostoiu)