The company reported an EBITDA (operating profit) of RON9.34 million in January-March 2018, up 357% from the same period in 2017, while its earnings before interest and taxes (EBIT) rose to RON7.58 million, compared with RON510,565 posted in the first three months of 2017.
Its total debts fell 6% in the first quarter of 2018, to RON67.5 million, while its net assets grew 6% to RON115.4 million.
“In 2018, Cemacon will reach a turnover of RON120 million and a net profit of at least RON11 million, with more than 200 employees and two production facilities operating at full capacity,” said Cemacon Cluj general manager Liviu Stoleru.
The company has a market capitalization of RON91.1 million.
According to data provided by the Bucharest Stock Exchange, on December 31, 2017, Cemacon’s main shareholders were Dedeman, with a 40.77% stake, Business Capital for Romania with 33% and CIT Resources with a 10.92% stake.