The company’s net turnover reached RON128 million in the first half of 2017, lower by RON10.7 million than the level reported in the year-earlier period.
Stirom’s equity stood at RON314.2 million in the first six months of 2017, up 7% on the year.
In January-June 2017, the increase in profit from the exploitation activity boosted the cash. Thus, the operating profit rose by RON7.88 million on the year to RON26.1 million in the first six months of 2017.
In January-June 2017, the company registered investment costs of RON7.05 million mainly with the modernization of production lines.
Stirom SA was established in 1966, in Bucharest, under the name of Fabrica de Articole de Sticlarie Bucuresti and reorganized in 1973 as Intreprinderea de Articole de Sticlarie Bucuresti, (IASB). In 1990, IASB began operating as a joint stock company, uner the name of Stirom S.A., and in 1995, it became a privately-held company. Early 2003, the company was taken over by Yioula Glassworks group which, in October 2016, sold the bulk of assets in the glass manufacturing field to Portuguese group BA Vidro.
Stirom, which is 93.4% held by Portuguese group BA Vidro, has a market capitalization of RON288 million.