The company’s turnover dropped 11%, to RON171.6 million, as sales of products for the infrastructure sector nearly halved, to RON23 million in the first six months, from RON43 million in the same period last year.
Teraplast Group is one of the main manufacturers for the construction and installation sector and includes Teraplast, subsidiaries TeraSteel and Terasteel Serbia, Teraglass, Teraplast Logistic and Teraplast Hungary. It also owns stakes in pipe manufacturer Politub and roofing shingle manufacturer Depaco.
The company bought a 60% stake in Depaco this year and the company’s results are not included in Teraplast’s consolidated first half earnings, as the deal was finalized in June.