The contract envisages the construction and delivery of a river vessel by March 31, 2025. Terms and conditions of payment: advance on the value of the contract, based on a letter of bank guarantee for the refund of the advance, and the remaining payment after the ship arrives at the place of delivery.
The company’s market value has reached around RON80 million, meaning the recently signed contract accounts for about one quarter of the company’s capitalization.
In Q1/2024, the company had a RON18.5 million turnover, down 23% from Q1/2023, and net profit worth RON666,757, from a RON558,204 loss in Q1/2023.
The company’s shares have gained 28.7% in 2024 and 46.6% in the past 12 months amid deals worth RON5.7 million and RON52 million, respectively.
(English version by Catalina Apostoiu)