The group reported revenue of nearly RON87 million in the first three months of 2016, up 32% from the same interval a year ago. Its operating profit stood at RON8.6 million, almost double from the first quarter of 2015.
Its net profit stood at RON7.05 million, compared with RON4.22 million in the first three months of 2015
Results were also backed by a nearly 37% increase in exports, considering that Teraplast products were distributed in ten European countries. Also, the company made investments of RON1.1 million after the first quarter, in the context in which the group announced an investment budget of RON22.95 million for the current year, which targets the following categories: equipment, IT, SDVs, constructions and auto.
For 2016, Teraplast group expects a turnover of RON473 million, up 20% from 2015, and targets a profit of RON44 million, up 27% from 2015.
In 2015, the company registered total revenue of RON288.7 million, up 27.5% from 2014. Also, the profit generated by Teraplast in 2015 was three times higher than the result reported in 2014.
Teraplast group includes companies such as Teraplast, the Plastsistem subsidiary, the Teraglass subsidiary and the Teraplast Moldova subsidiary and Politub.