“The total value of the Project is 96,871,509 Lei excluding VAT, of which the maximum non-reimbursable eligible amount is 28,953,720 Lei excluding VAT. The goal of this Project is the development and operation of a modern green energy generation facility with an estimated installed capacity of 20 MW and represents a significant step by the Company to implement its sustainable development strategy”, the report shows.
Vrancart reported RON8.54 million net profit for the first half of 2023, down 32% year-on-year, and total revenues worth RON236.2 million, 16% lower than in the first quarter of 2022. The amount of investments made by the company during the first six months of 2023 was RON25 million, up 37% compared to RON18 million in the first half of 2022.
Vrancart has a RON195 million capitalization and its shares have added 24% so far in 2023 amid deals worth RON1.4 million, as per stock market data. The company is 75.5%-owned by Lion Capital, while Paval Holding holds a 17.2% stake.