According to Finance Ministry data, the company registered net losses of RON9 million in 2016, versus RON0.5 million profit a year before. Nevertheless, the company’s turnover doubled to RON421 million last year.
KDF Energy filed for insolvency in March. At that time, the company reported RON148 million debts.
The company employs 23 people and is controlled by businessman George Brailoiu.