Its total expenses fell to RON843 million in the first nine months of 2020, compared with RON1.03 billion in the same interval in 2019, and its revenue dropped to RON816 million, from RON1.04 billion.
The report shows that despite decreasing by RON6 million, financial expenses remain high, due to expenses incurred by exchange rate differences registered along with updating the balance of bank loans contracted for the acquisition of Oltchim assets.
Chimcomplex Borzesti is one of the 20 largest entrepreneurial businesses in Romania and the second largest Romanian-held exporter.
Chimcomplex is 87.8% held by CRC Alchemy Holding, an entity controlled by businessman Stefan Vuza, and 9.2% owned by the Romanian State.
CHOB shares have been trading down 48% since the beginning of 2020, amid deals worth RON600.000.