In the first nine months of 2011, the company posted net profit of RON16.85 million.
Stirom’s revenues decreased 8.9% during the analyzed period, to RON159.55 million, while expenses were 4.5% lower, at RON148.15 million.
The company’s turnover dropped by 4%, to RON151.84 million in the first nine months, from RON158.19 million in the same period of 2011.
Founded in 1966, Stirom was acquired in 2003 by Greece’s Yioula Glassworks. The Greek company, through its Cyprus-based unit MGL Mediterranean Glass, owns 93.4% in Stirom.
On November 1 on the Bucharest bourse, Stirom closed up 13.68% at RON6.4 per share. (EUR1=RON4.5310)