Arges Mall shopping center was inaugurated on Thursday (April 25) by Prime Kapital, a developer and investor in the real estate market in Central and Eastern Europe.
The new unit is Sphera’s second restaurant opening in 2024, after adding a Drive Thru unit in February, in central city of Sibiu. The company also aims to open four new units in 2024, along with refurbishing some existing ones, and has earmarked almost RON70 million for this purpose.
The company reported record sales of RON1.5 billion in 2023, up 11% on the year, and its net profit surged 80% to almost RON80 million.
SFG shares have gained 26% so far in 2024 and 91% in the last 12 months, triggering a market capitalization of RON1.23 billion.