The company also ended the first quarter of 2024 with 58% higher turnover versus the same period of 2023, as per data previously provided by company officials.
In 2023, Electric had a net profit of roughly RON3 million (over EUR600,000), 3.2-fold higher than a net gain of RON916,086 (nearly EUR186,000) reported in 2022, publicly available data show. The company reached an average number of 170 employees in 2023.
Electric owns a factory in Focsani, with over 30 production lines and over 800 cutomers from all sectors of activity. Its production is sold in the domestic market and demand is on the rise, previous data show. The company plans to build a garbage bag factory, an investment estimated at EUR20 million and covered from bank loans.