Its turnover increased 13%, to RON111.2 million.
Its operating profit increased 30%, to RON32.5 million, the company said in its preliminary earnings report.
The company invested over EUR6 million in the past two years in the first production line of ceramic blocks filled with basalt wool in Romania and the lintel factory, both endowed with state-of-the-art technology, said company general manager Liviu Stoleru.
The company was founded in 1969 and has three factories, the most recent of which opened in 2018.
The company paid over EUR3.7 million to Banca Comerciala Romana to extinguish a loan of its Cemacon Real Estate subsidiary.
Cemacon’s biggest shareholder is Dedeman, with 41.8%, while Business Opportunity for Romania, an investment fund of Erste Group owns 33%, and PIF Industrial Bacau, also owned by the Paval brothers, owns 17%.