Romania’s Aquila H1 net profit jumps 74% y/y

The company's revenue came in at 961 million lei in the first six months of 2022, up from 871 million lei in the like period of last year, it said in a statement filed with the Bucharest Stock Exchange.

Moldovan logistics company Trigor, which Aquila acquired in the first half of 2021, brought 2.5 million lei of the total profit during January-July 2022, and accounted for 35 million lei of total revenue.

"Despite a year-start with a significant unpredictable component and accents of visible instability, we continue our strongly positive evolution with a new semester of growth," Aquila CEO Catalin Vasile said.

Aquila is a logistics company founded in 1994 which currently employs over 3,000. In 2021, the company booked a net profit of 71 million lei, up 30% on the year, and a turnover of 1.93 billion lei, up 13%.

Blue-chip Aquila's shares traded 2.86% higher at 0.6480 lei as of 1259 CET on Tuesday on the Bucharest Stock Exchange.

(1 euro = 4.8652 Romanian lei)