Its turnover reached RON185.7 million on March 31, 2023, down 59% from RON454.5 million in the year-earlier period, as per the Group’s quarterly financial report. At end-March 2023, the operating profit was slightly above RON1 million, after an operating loss of RON37.8 million during the same period of 2022.
Expenses decreased by 62% to RON187 million and the operating revenue, in the amount of RON188 million, dropped nearly 59% on the year in January-March 2023 amid dwindling product sales.
MCAB shares have gained 35,5% so far in 2023, but have lost 43.6% over the last 12 months. Romcab has a market capitalization of RON134 million and is 90%-owned by Sadalbari Group.