The company reported revenue worth almost 60 million lei and net profit of RON10 million, according to Trade Registry data. Both revenue and profit rose against 2013 and the number of employees remained relatively flat, at 900 people.
Sudanese-born Joseph Seroussi, arrived in Romania 40 years ago, invested in textile production and retail and in 2007 had 8,000 employees locally.
He subsequently sold a plant in Calarasi, keeping production units Ikos Conf and Norada of Odorheiul Secuiesc and Serconf of Botosani.
According to ZF data, Seroussi’s apparel plants saw their revenue go up by 30% during the crisis, to RON130.8 million in 2013 and headcount dropped to 2,700 people.
Joseph Seroussi also has retail activities in Romania, namely Seroussi stores, operated by J&R Enterprises.
(English version by Catalina Apostoiu)