Tudor Alexandru Georgescu was elected Chairman of the company’s Executive Board in June 2017 and he also filled the position of general manager.
The Board also approved a decision to designate Matei Dimitriu as Chairman of the Executive Board.
Prodplast Bucuresti ended the first quarter of 2018 with a turnover of RON10 million, down 5% year-on-year, in the context in which the company temporarily halted the production in order to relocate from Faur industrial park to its own space in Buftea.
The company reported a net profit of RON289,600 in January-March 2018, versus a loss of RON904,150 in the same period in 2017.
Prodplast is 32.98% held by the company Nord, 27.54% owned by regional investment fund SIF Oltenia (SIF5.RO) and 11.73% controlled by Floreasca Development. The remaining shares are distributed among other shareholders on the Bucharest capital market.
Prodplast has a market capitalization of RON37.5 million. Its shares have decreased by 15% over the past year.