The company’s revenues rose by 15%, to RON19.7 million, while expenses went up by 18%, to RON18.8 million.

“In the first six months there was no activity segment sale or halt. We believe this will not change in the next six months, with the major uncertainty being related to the evolution of the abrasives market in the context of the energy crisis and the Ukraine war,” reads the company’s report.

In March, the company sold a land plot and associated buildings of Cluj-Napoca for EUR41.1 million.

In April, it bought an industrial building in Cluj-Napoca for EUR2.4 million, planning to relocate and retool its plant. Investment plans amount to EUR5 million.

Carbochim has a RON185 million capitalization and is 77.7% controlled by Carbo Europe Bucuresti, a company in its turn controlled by Iulian Dascalu.

(English version by Catalina Apostoiu)