Sales rose 16% on the year, to RON40.6 million, according to financial results published on the Bucharest Stock Exchange.

Revenue rose 32% to RON50.6 million, while expenditure widened by a similar percentage, to RON48.1 million.

Prodplast has a share capital of RON17.07 million, divided into 17 million shares with a face value of RON1.

Pogonaru holds a 51.49% stake in the business, in concert with other firms. SIF Oltenia (SIF5.RO) holds a 23.63% stake.

Prodplast shares were last traded on November 8, at RON0.888, up 0.91% on the day. (EUR1=RON4.3448)