The company’s turnover halved to RON359.48 million (EUR81.5 million) in January-September.
According to Oltchim’s court-appointed administrator, the company registered its best results this year in September, when its turnover doubled on the year to EUR11.43 million.
The company’s total revenues fell 44.5% to RON400.23 million in January-September, and its overall costs dropped 44.37% to RON572.97 million.
The company is 54.7% controlled by the Economy Ministry and entered insolvency in January 2013. Its privatization fell through in October last year. (EUR1=RON4.4545)