Growth was driven by sales to Biodeck SA, in which Prodplast owns a 70% stake. Sales to Biodeck amounted to RON13.35 million in the first half of the year, accounting for 36.64% of Prodplast’s turnover.
The company’s consolidated net profit tripled compared with the first half of 2018, to RON1.7 million. Its EBIDTA grew 190%, to RON3.7 million.
In June-August, Prodplast ran a buy-back program to redeem the equivalent of 10% of its share capital at RON2.4 per share.
SIF Oltenia owns 27.5% of Prodplast, while Nord SA owns nearly 33% and the rest of its share capital is traded freely on the Bucharest Stock Exchange.