Revenues reached RON418.6 million, up 5.5% from the year-earlier period. At the same time, expenses rose from RON402.9 million to RON405 million.
The financial result consisted in a RON7.4 million loss and was “mainly influenced by the increase in interest expenses due to the increase in the EURIBOR variable margin and contracted loans”.
„The company managed between January and March 2024 to achieve an operating profit margin of 5%, despite maintaining turnover at the same level compared to the same period of the previous year, generated by maintaining the downward trend of consumption started in the second half of 2022,” reads the company’s report.
Last week, Chimcomplex announced the completion of the project „Investing in innovative green technology to produce new environmentally friendly polyols at CHIMCOMPLEX” implemented on the platform of Ramnicu Valcea. The total value of the project reached EUR2.4 million.
Previously, the company announced it would cut allowances of board of directors members and will not distribute dividends this year.
Chimcomplex has a RON4.2 billion capitalization as its shares have lost 21.6% this year.
(English version by Catalina Apostoiu)