The company also posted RON2.2 million net profit, 30% lower.
“The first half results confirm our capability to adjust and quickly react to the market dynamics. After a quarter full of challenges, the second quarter performance offset the previous decline. We continued to prioritize strengthening our market position and successfully managed the challenges caused by the tax changes and the labor shortage,” said Irinel Gheorge, Sipex CEO and majority owner with 92%.
Sipex’s plans include expanding the portfolio of products for municipal works, hospital and road infrastructure and identifying new opportunities for business development.
(English version by Loredana Fratila-Cristescu)