Nicolae – Paul Dumitrescu is replacing Marian Ciucioi whose mandate as General Manager of the company ended, but who will stay at Vrancart as Chairman of the Board of Directors.
At the same time, Ciprian Fedor was appointed Deputy General Manager of the company, effective September 19.
Vrancart has recently completed the share capital increase operation and raised RON48.9 million from investors in two stages.
Vrancart reported RON8.54 million net profit for the first half of 2023, down 32% year-on-year, and total revenues worth RON236.2 million, 16% lower on the year.
The company’s investments in the first six months of 2023 was RON25 million, up 37% year-over-year.
Vrancart has a RON200 million capitalization and its largest shareholder is Lion Capital, with a 75.5% ownership stake. VNC shares have gained 23.3% so far in 2023, amid deals worth RON1.3 million, as per stock market data.