Its net profit reached EUR4.88 million (RON23.86 million), after one year of growth in sales of electronic equipment. Of the total net profit, the company’s electronics production (smartphones, TV sets, Smart Home systems, computer tablets, laptops and other gadgets) amounted to EUR1.4 million (RON7.04 million), nearly fourfold higher than the profit generated by the production of electronics (RON1.84 million) in 2019.
The significant increase in profitability for the production of electronics comes after a constant increase in turnover from the company’s core activity, of 20% versus 2019 ad of 36% versus 2018. Allview saw sales growths for the entire portfolio of electronics on the year in 2020, especially for IT&C products (+12%) and smart TVs (+27%).
Visual Fan is getting ready for a listing on the Bucharest Stock Exchange via a private placement. Visual Fan is working with broker Tradeville to handle the private placement intended to raise cash for development of new products and lines of business.
Visual Fan is an entrepreneurial company established in Brasov in 2002 and majority owned by Lucian Peticila (92%), who also serves as chief executive, Trade Register data show.