The net profit margin fell from RON7.29% in the first half of 2022 and 7.16% in the first half of 2021 to 4.53% in the same period of 2023. At individual level, the net profit stood at RON1 million in January-June 2023, down 39.4% on the year, and the turnover reached RON33.9 million, down 10.3% on the year.
In March 2023, the company said it had concluded a partnership with Waldevar Energy for joint EPC (Engineering, Procurement, and Construction) projects. It signed and implemented a contract for the construction of a solar photovoltaic (PV) park with a capacity of 8.59 MW.
In August 2023, the company started a project for the construction of solar power plants for Compania de Apa Arad (the water company in Arad) by signing a contract for the construction of two solar power plants with an installed capacity of 799.5 kWp.
Visual Fan has a market value of RON57.3 million and is 82.82%-owned by its CEO, Florentin-Lucian Peticila. ALW shares have gained 3.6% so far in 2023, amid deals worth RON783,920, as per stock market data.