Norofert Ends 1H with 33% Higher Turnover, Of RON19.8M, 17% Higher Net Profit, of RON5M

Norofert, the main listed Romanian producer of organic inputs, in the first half of this year generated turnover worth RON19.8 million, up 33%, and net profit of RON5 million, 17% higher than in the same period of 2020.

Operating revenues rose by 7%, to RON16.8 million, while expenses dropped by 3%, to RON10 million.

“Agricultural year 2021 has been more favourable and stable as it brought normal rainfall levels. But we also registered slight drought aspects towards the end of the harvesting period. Nevertheless, even with a slight negative impact, we’re glad to have a sound agricultural year, with a positive production environment both for organic crops, and conventional ones,” stated Vlad Popescu, Norofert CEO.

For 2020, Norofert reported net profit of RON6.3 million, up 36% year-on-year, amid consolidated revenues of RON24.4 million, up 64%.

(English version by Catalina Apostoiu)

Subiecte #earnings #NOROFERT #organic inputs

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Norofert Ends 1H with 33% Higher Turnover, Of RON19.8M, 17% Higher Net Profit, of RON5M

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