The company will invest in both acquiring new machines and constructing the corresponding buildings.
The announcement boosted the company’s shares by up to 2.7%, to RON0.46/unit, through 55 transactions worth RON157,000. According to a report of BT Capital Partners, Teraplast shares have a growth potential of 17% to 34% and may even rise up to RON0.584/unit in the upcoming period.
Teraplast bought back own shares worth RON13,700, between August 16 and 18. The average price at which the company bought back 31,550 shares was RON0.434.
Teraplast Group reported a 17.5% higher turnover in the first half of 2016, to RON193 million, and a net profit of RON19 million, up 52% against the first half of 2015.