“In the period 01.01-31.03.2023, operational revenues, in the amount of 24,036,497 lei, increased compared to those recorded in 3 months in 2022 (2,463,900 lei), mainly due to the production program for this year, which provides the delivery of two new river ship constructions in the first quarter (there were no ship deliveries in the first quarter of 2022)”, the report reads.
During this period, at the main headquarters of the company, in accordance with the production schedule for 2023, two river vessels were completed and delivered to the intraCommunity partners, unlike the corresponding period of the previous year when no new construction was completed and delivered.
Operating expenses, in the amount of RON24. million, and in close correlation with operating revenues, also saw a significant increase in the three months of 2023 compared to the RON4.2 million level reported for the same period of 2022.
Santierul Naval Orsova has a market capitalization of RON51.2 million and is owned by Transilvania Investments Alliance (with a 49.99% stake), SIF Oltenia (28%) and SIF Muntenia (13.2%). SNO shares have lost 15.2% since the beginning of 2023, amid deals worth just RON310,600, as per stock market data.