The company’s turnover declined 2.75% in the same period, to RON96.5 million.
At the end of March 2021, the company’s total assets stood at RON314 million, from RON307 million at the end of March 2020, while its debts amounted to RON35.7 million, up 14.7% year-on-year.
IAR Brasov has a stock market capitalization of around RON234 million and has been listed on the Bucharest capital market since 1996.
The company is 64.9% owned by the Romanian state.