“The management of ARGUS SA (hereinafter referred to as the “Company”) informs the shareholders and investors regarding the conclusion of some addenda to the financing agreements with Banca Transilvania, the total value of the maximum ceiling being the amount of RON67,250,000 as follows: RON60,000,000 – short-term credit line for the purchase of raw materials stocks and semi-finished products (raw oil); RON7,250,000 – short-term credit line to cover working capital needs,” the company said.
Argus posted RON11.6 million loss in the first half of 2024, down from the RON22 million loss in the first half of 2023, while revenue shrank to RON112 million from RON115 million. Expenses, too, shrank to RON112 million from RON133 million.
(English version by Loredana Fratila-Cristescu)