Dafora posted losses of RON 3.287 million in the first half of 2018, almost three times lower than those reported for the same period last year, according to data released on Friday to the Bucharest Stock Exchange. The turnover increased by 64.6 percent to RON 49.6 million. Revenues totaled RON 52.9 million (RON 32.57 million in S1 2017), and expenditures RON 55.13 million (RON 42.368 million in S1 2017).

On June 30, Dafora had total assets of RON 116.113 million and debts of RON 136.9 million.

Dafora conducts drilling and construction activities (restricted activity only for the completion of ongoing projects at the time of insolvency and post-guarantee coverage).

The core business of the company is onshore drilling services for oil, natural gas and geothermal water, production of work and workover samples, transportation and maintenance of drilling equipment. Due to the vast experience gained in drilling activities, it has expanded into foreign markets. At the same time, the company has experience in civil and industrial engineering, airports and infrastructure works.

Dafora, a company in bankruptcy, issued the final table of debts at the beginning of December 2016 and, at the end of the same month, the General Meeting of Shareholders approved the reorganization program drafted by the CITR subsidiary Cluj.

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