English
The manufacturer of induction heating installations Aages Târgu Mureş (AAG) reported, for the first six months of this year, operating revenues of 21.2 million lei, 10.3% below those of the first quarter of last year, while that the global net profit was 2.8 million lei, down 22.5%, according to the company's report published yesterday on the website of the Bucharest Stock Exchange (BVB).
Net turnover amounted to 14 million lei, 11.9% below that of the first six months of last year, due to the decrease in income from sold production, according to the company.
Operating expenses were 18 million lei, 7.9% below those in the first half of 2022, mainly as a result of expenses with raw materials, consumables and goods, which have a significant share in total operating expenses, and which or reduced in the analyzed period by 22.6%. Personnel expenses rose by 12.6% compared to June 2022, to seven million lei, while expenses with other services provided by third parties increased by 8.9%, up to 2.82 million lei.
Under these conditions, for the first six months of the year, the operating profit of Aages Târgu Mureş was 3.2 million lei, 22% below that of last year, a result that was eroded by a financial loss of 0.23 million of lions.
The company's majority shareholder is AAGES Head Invest, with a 55% stake in the manufacturer of induction heating installations.
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