It also said its gross profit surged 90% to RON104.82 million (EUR22.5 million) and its earnings before interest, taxes, depreciation and amortization (EBITDA) grew nearly 48% to RON142 million (EUR30.5 million) year-on-year in the first nine months.
Oltchim’s turnover rose 16.4% to RON834 million (EUR179 million) on the year in January-September 2018.
“The company OLTCHIM SA achieved during January – September 2018 the best results from the current business since the insolvency procedure, without taking into account the impact in 2015 of the scriptic profit due to the debt cancellation according to the reorganization plan”, according to company representatives.