Its net profit reached RON2.99 million in January-September 2021, higher than RON2.7 million at the end of the first nine months of 2020.
The company also produces telecom and electro-IT accessories across over 32 countries, among which the UK, The Netherlands, Germany and Spain.
For the first time, Romania makes it into the top three countries in terms of the share in the aggregate turnover, with 9.3%. The ranking is still led by the UK, with transactions unimpacted by the Brexit and a volume of 27.7% of Phonetastic’s turnover, followed by The Netherlands, with 10.6%.
During the same period, the smartphones category accounts for 84% of the overall turnover, higher by three percentage points compared with the first nine months of 2020.
Phonetastic was established by George Mocanu and Bogdan Stroi in 2010, who were joined by Alin Niscov in 2013, former sales manager of Brasov-based Visual Fan (Allview), one of the largest actors on the local smartphone market.