Production costs, although impacted by higher prices of electricity, raw material and packaging, were kept in the first quarter at 2013 level, the company said.
Cemacon’s operating profit rose 16% and operating revenue advanced 40% between January and March.
The company targets a 31% increase in sales and a 28% rise in operating profit in 2014.
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 77% of shares. (EUR1=RON4.4308)