The company had a turnover of RON63.5 million in 2013, up 8% on the year, and a net profit of RON1.7 million, half of what it made in 2012.
Total revenues are seen increasing 11% this year, to RON104 million, while expenses are seen growing 6%, to RON96.4 million. Uzetel’s 2013 revenues stood at RON94 million, down 5% on the year, and expenses were at RON91 million, down 3% on the year.
Uztel plans to invest RON7.6 million this year, the company said in a statement to the Bucharest Stock Exchange.
Uztel is majority owned by the employees’ association, with an 83.84% stake. The company entered insolvency in 2010 due to financial difficulties on the backdrop of the global economic crisis.
Its judicial administrator is Euroinsol, owned by Remus Borza.
Uztel last traded Wednesday, up nearly 11.08%, to RON3.3 per share.