Expenses fell 87% to RON24 million, according to data published by the Finance Ministry.
The holding company had one employee at the end of 2023, compared with three at the end of 2022. Fixed assets increased to RON12.9 billion from RON12.2 billion in 2022.
On the Bucharest Stock Exchange Paval Holding is an investor in companies such as Alro Slatina, Transelectrica, Purcari, Vrancart. The holding company had RON580 million in its bank accounts at the end of 2023, compared with RON521 million the previous year. The profit it made comes from dividends received from companies in which it owns stakes.
The holding company is 60% controlled by Dragos Paval and 40% by Adrian Paval, according to termene.ro.
Paval Holding is the sole shareholder of DIY retailer Dedeman.
(English version by Loredana Fratila-Cristescu)