Prodplast targets net profit of RON269,000, according to the budget of revenue and expenses approved Monday by the company’s shareholders.
This year, revenues are seen up 20% to RON35.9 million and costs are expected to grow by 11% to RON35.6 million.
In 2012, the company reported revenues of around RON30 million and costs of RON32.1 million.
Prodplast halted production in early May 2012 because of relocation proceedings. End-September 2012, company owner Florin Pogonaru said Prodplast would relocate its business to industrial platform Faur in capital city Bucharest, where it had rented two production halls stretching onto over 7,000 square meters. He also said at the time that the company will resume production using new equipment from abroad.
Pogonaru, who is also president of the Association of Businesspeople in Romania (AOAR), holds over 51% in Prodplast, jointly with other firms, and regional investment fund SIF Oltenia owns a 23.63% stake.
On the Bucharest bourse Friday, Prodplast closed up 4.08% at RON1.249 a share.