The company also posted a decline in net profit, which shrank by 19% to almost RON4.5 million (EUR900,000) in 2023. The average number of employees of Phonetastic GSM was lower, as well, going from 25 to 24.
The 2023 decline comes after growth rates of 5% to 10% in the previous years (2021 and 2022). Phonetastic GSM’s revenue stood at more than RON270 million and the net profit at RON5.5 million.
Phonetastic GSM SRL has been in business in Romania for 14 years and distributes smartphones, tablets, e-book readers, laptops, smartwatches and other gadgets and accessories from such manufacturers as Apple, Samsung, Huawei, Oppo, Mi, OnePlus, Nokia, Garmin, Amazfit, realme and JBL.
(English version by Loredana Fratila-Cristescu)