IAR Ghimbav was previously listed on RASDAQ market, which will be disbanded in October.
In one and a half month, IARV’s shares almost doubled investors’ money, being among the most profitable shares on BVB.
On the Bucharest Bourse’s Wednesday session, IARV shares traded at 7 lei/unit, compared with RON4.71/unit July 14.
IARV shares increased by 312% since the beginning of the year, at an average daily trading value of around RON37,000 during the last six months.
IAR Ghimbav registered a pre-tax profit of RON31.7 million in the first half of 2015, compared to just RON1.6 million in the same period a year ago. IAR posted a turnover of RON43.3 million in the first six months of 2015, double against the turnover reported in the same period in 2014.
IAR Brasov is almost 65% controlled by the Romanian state, while the rest of the 35% stake is held by minority stockholders.
(English version by Manuela Panescu)