A decision on the matter will be taken by shareholders.
Early July, shareholders approved a decision to open a subsidiary in Serbia after they had previously decided to expand the company’s operations into Mauritius (September 2012) and Senegal (2010).
Last year, Prospectiuni set up a firm in Morocco, called Prospect Geoservices.
At the end of 2012, Prospectiuni was operating in Southern Europe, Central Asia, North Africa and Western Africa.
The company’s turnover rose 29% on the year to 133 million lei (EUR30.3 million) in the first half of 2013, while its loss rose 71% to RON10.5 million in the mentioned period. Prospectiuni reported turnover of nearly RON103 million and loss of RON6.1 million in the first six months of 2012.
The company is 55.7%-owned by local businessman Ovidiu Tender, while regional investment fund SIF Muntenia (SIF4.RO) holds an 11.8% stake.
On the Bucharest bourse Wednesday, Prospectiuni closed flat at RON0.156 a share.