The company registered an overall loss from current operations of EUR8.2 million, which represents an improvement by EUR34.6 million compared with 2014, Oltchim said in its financial report released Wednesday.
The turnover growth was mainly triggered by higher sales of the company’s main products.
For 2016, the company estimates a profit per total activity of EUR110,000, a turnover of EUR168 million, EBITDA of EUR12.3 million (up by EUR2.7 million compared with 2015) and an exploitation profit of EUR330,000.
Oltchim has been under insolvency since January 2013 and its reorganization plan stipulates its sale for at least EUR307 million.
Oltchim 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 chemical plant is 54.8% owned by the Economy Ministry, 32.34% by PCC SE, while other shareholders own the remaining stake of 12.85%.