Revenue stood at RON41 million, down approximately 10% compared with the previous year due to lower volumes on the domestic market, as well as the implementation of a prudent commercial policy focused on high-value-added projects, Norofert said in a press release.
Assets reached RON91.4 million, a 4% increase, as a result of the investments in the production facility in Brazil, the research laboratory in Romania, and the irrigation system at the Zimnicea Farm. These assets are essential to the company’s development strategy, enabling it to make the widest possible range of products and secure a stronger competitive position on the market, according to the press release.
Total liabilities amounted to RON63.9 million, an increase of 1.5% compared with the previous year, while operating revenue stood at RON44.9 million, a decrease of 14.6% reflecting lower sales in Romania.
Operating expenses stood at RON36.8 million, a decrease of about 19%, resulting in an EBITDA of RON9.8 million, 3.7% higher, and an operating profit of RON8 million, up about 13.2%.
(English version by Loredana Fratila-Cristescu)