Book income amounted to RON22.4 million, up 108% year-on-year, while normalized net income reached RON32.4 million, up 39%, according to a release.
The Teilor jewelry chain posted RON265.6 million revenue from its Romanian business, down 3% from 2022 as a result of the strategic decision to stop sales of gold bars, which had a low margin.
By implementing strict cost control measures, Teilor recorded an EBITDA of RON41.2 million in 2023, an increase of 15%, while net profit rose 9% year-on-year to RON17.6 million, its officials said.
(English version by Loredana Fratila-Cristescu)