Its loss fell to RON0.66 million in the first quarter, from RON2.65 million in January-March 2012.
The company’s financial results for the first quarter are unaudited and are computed according to International Financial Reporting Standards (IFRS).
According to its revenue and expenses budget for 2013, Teraplast expects 22.9% higher sales this year, of RON294.4 million. The company also expects it will switch to profit after it registered loss of about RON26.5 million in the last two years.
Teraplast is owned by Dorel Goia, with 34.2% of the shares, SIF Crisana-Banat, with an 11% stake, Emanoil Viciu (8.4%) and others (46.2%).
Teraplast last traded in Bucharest Wednesday at RON0.1979 a share, up 15%. (EUR1=RON4.3241)