The company coped with low demand on the segment of river vessel construction. “Even if a price growth was felt for the vessel’s sale, that was a consequence of raw materials price increase on one hand and of services, on the other hand. Even under these conditions, the company succeeded in having covered the entire production capacity for the year 2022,” reads the company’s financial report.
Operating expenses dropped by 15.4%, from RON74.7 million to RON63.1 million, while liabilities reached RON27.9 million, up 88.5%. Own capitals shrank by 12% to RON78 million.
„At the same time, it has been noticed a slight increase of the income from the ships’ repair activities, income becoming predominant over the branch’s turnover yet insufficient to cover the operating costs”.
The company’s shares have lost 6.5% in the past year, amid deals worth RON700,000. Capitalization reached RON57.1 million.
(English version by Catalina Apostoiu)