Similarly, in the first quarter of 2024, the company recorded net loss of RON1.5 million, compared with profit of RON3.2 million in the first quarter of 2023.
The company’s half-year revenue stood at RON108.3 million, at the individual level, lower by RON4 million or by 3.6% than the level reported in year-earlier period. In January-June 2022, its revenue was RON134.65 million, as per the latest financial report.
At the group level, the net loss was RON5.1 million, while revenue dropped 7.6% to RON146.8 million. EBITDA decreased from RON7.7 million to RON2.7 million.
ROCE shares have lost 20% so far in 2024. Romcarbon, with a market capitalization of RON85 million, is 32.8%-owned by Livin Plastic Industry Buzau, 20.5% by Cyprus-based Joyful River and 13.6% by Stefan-Alexandru Toderita (13,6%).