Thus, the credit limit was increased by RON4 million, from RON6 million to RON10 million, as per the report.
“The credit product can be used both for non-cash withdrawals in order to issue letters of bank guarantee, and with also cash in order to finance the working capital and current activity of TopTech and current and future projects. The lending and guarantee conditions remained unchanged, the period of use is 12 months with the possibility of extension and the interest rate is ROBOR 3M+1.5% per year, calculated on the balance used from the loan,” the report reads.
Bittnet reported loss of RON4.2 million for the first half of 2024, compared with a negative result of RON5.4 million in the same period of 2023, while revenue advanced 20.7% to RON176 million.
The company, with a market value of RON123.7 million, is 13.7%-owned by Agista Investments and 13.3% by Impetum Investments. BNET shares have traded down 30% so far in 2024.