Sales stood at RON164.3 million in January to September, up 2.3% from RON160.6 million in the same period of 2010.
The company posted an operating loss of RON3.8 million, from a profit of RON9 million in January-September 2010, as operating revenue was slightly down, while operating costs rose 7.7%.
The company’s results were affected by the leu’s depreciation against the euro, and the lack of funds in the construction industry. It also estimates stagnating or even lower sales in the final quarter, when Teraplast plans to turn to export markets, as the internal demand is expected to fall due to the winter season.
Teraplast is part of the Teraplast Bistrita Group, which also includes the subsidiaries Plastsistem, Politub, TeraGlass and Tera Tools.
Teraplast has a share capital of RON29.7 million, divided into 297.8 million shares with a face value of RON0.1.
The company is 34.2% owned by Dorel Goia, while SIF Banat-Crisana (SIF1.RO) holds 11% and Emanoil Viciu holds 10.1%.
Teraplast shares closed down 2.9% Wednesday, at RON0.33. (EUR1=RON4.3534)