Revenues totaled RON10.9 million, down 16% from the year-earlier period, while expenses dropped by 8.5% to RON10.8 million. The operating result hit RON984,332, down 34.6%.
The company’s shares have lost 43.5% in the past year, amid deals worth RON6.4 million, amid RON30 million capitalization.
“The global smartphone market at the end of the first quarter of 2023 registered the fifth consecutive decline, with the industry still facing a difficult situation amid low consumer demand and persistent economic uncertainty,” explained iHunt representatives.
Controlled by Cezar Catalin Stroe, with a 51% stake, the company has seen its shares drop by 5.3% since the start of 2023, amid RON1.3 million deals.
(English version by Catalina Apostoiu)