In comparison, OMV Petrom had a net profit of RON1.38 billion in 2002, while Hidroelectrica reported RON1.45 billion. Paval Holding’s 2020 profit is higher than that of Romania’s top two biggest companies put together.
Paval Holding ended 2020 with just three employees and expenses of RON19 million. In 2019, the investment vehicle reported spending of RON121 million and a net loss of RON48 million.
Paval Holding had assets of around RON10 billion at the end of 2020, with total capital of RON9.9 billion. The company had debts totaling RON16.8 million.
Paval Holding is 60% owned by Dragos Paval and 40% by Adrian Paval.