Romania's Competition Council is assessing the transaction through which Arctic Stream S.A., together with the Manescu family, intends to take over Data Core Systems S.R.L.
IT infrastructure and security integrator Arctic Stream (AST.RO) on Wednesday notified the stock market of a recently started inspection by the Competition Council targeting several companies in the Romanian IT sector, a report filed with the Bucharest Stock Exchange shows.
Arctic Stream (AST.RO), an IT infrastructure and security integrator, reported a net profit of RON2.2 million for the first quarter of 2023, up 146% from the net result reported in the year-earlier period, and a turnover of RON29.4 million, up 174% on the year, as per data from the company's quarterly financial report published at the Bucharest Stock Exchange
Romanian-held company Arctic Stream (AST.RO), an integrator of IT infrastructure and security, ended the first quarter of 2022 with a net profit of EUR900,000, double year-over-year, due to an increase of over 150% in revenues up to RON10.76 million (EUR2.17 million), according to the company’s financial report released on Friday (May 13).