The company ended March 2017 with an operating loss of RON34 million, from a profit of RON13 million in the first three months of 2016.
Sales of finished products plunged 85%, sales of merchandise plunged 98% and other revenue from exploitation activity fell 89%, the report also says.
Operating expenses fell concomitantly with a decrease in sales to RON58 million. Its net loss reached RON36 million on March 31, 2017, compared with a profit of RON7.2 million in the first three months of 2016.
The company’s short and long-term debts dropped by 4.6% and 7.8%, respectively.
End-February 2017, the court admitted Romcab’s insolvency request.