Revenue reached RON145 million, 5.5% higher than in the year-ago period, supported by sales growth in the B2B channel of more than 30%, Sipex said in its half-year financial report to the Bucharest Stock Exchange.
SIPEX’s business growth was driven by careful inventory management, accurate sales forecasting and careful expense management. Realized net profit decreased compared with the first half of 2022 as a result of increased operating expenses, especially commodity expenses. Compared with the first quarter of 2023, net profit witnessed a significant increase in the second quarter as the sales volume increased.
Revenue was up 30.15% in the second quarter of 2023 compared with the first, RON82.1 million, and net profit increased from RON132,900 to RON3.2 million in the same period.
Sipex has been in business for 26 years.
(English version by Loredana Fratila-Cristescu)