Oltchim reported sales of RON271.04 million, up 34.5% on the year. Exports accounted for 69% of the company’s sales in the first half.
The operating loss narrowed 9.5% year-on-year to RON109.4 million.
Oltchim, majority owned by the Economy Ministry, halted operations in August 2012 in preparation for a privatization attempt, which failed after the auction winner refused to pay the price agreed with the authorities.
The company opened insolvency proceedings in January 2013.
Lat year, Oltchim set up a special purpose vehicle called Oltchim SPV to manage its assets, which will be put up for sale in December. (EUR1=RON4.4347)