The increase in turnover is largely due to the sale of finished products, the company said.
Cemacon’s loss narrowed 53% to RON3 million, from RON6.6 million in 2013, while operating earnings rose 25%, triggering a 43% higher operating earning yield, according to preliminary results.
Cemacon factory in Salaj county operated at full capacity last year, as investments in production led to higher productivity, lower costs and higher product quality.
In September 2014, the company said it will resume the manufacturing of ceramic blocks in the first quarter of 2015, at its production facility in Zalau, which was slated into service in 2007 and preserved over the last three years due to decline of the construction industry.
This year, Cemacon targets an over 40% turnover increase, operating profitability above the industry’s average and the return to profit.
Cemacon’s main shareholders include investment fund KJK Fund SICAV-SIF, brokerage firm SSIF Broker and company Andrei&Andrei Consultanta held by Andrei Cionca, the founder of insolvency practitioner Casa de Insolventa Transilvania (CITR), which jointly own nearly 83% of shares.
Cemacon shares are listed on Bucharest Stock Exchange and the company is currently valued at RON24 million.