On the Bucharest Stock Exchange, on Monday, one Teraplast share traded up 0.47%, at an average price of RON0.42.
The company’s shareholders will discuss the distribution of the net profit, in the amount of RON14.1 million, at their general assembly of April 27. As per the summoning, the company will allot RON10 million for the payment of dividends, RON661,151 for legal reserves and RON3.38 million will be carried forward.
Teraplast Group, PVC processor and producer of materials for the constructions and installations market, registered a turnover of RON427 million in 2017, up 7% on the year, expecting a turnover of over RON970 million in 2018. Its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) reached RON41 million in 2017, down nearly 34% versus 2016, against the backdrop of a lack of investments in infrastructure which had a significant impact on Teraplast, mainly the installations and fittings division.
Teraplast groups includes the company Teraplast (manufacturer of pipes, granules and PVC profiles), the TeraSteel Bistrita și TeraSteel Serbia subsidiaries (manufacturers of sandwich panels and zincate metallic structures), the TeraGlass subsidiary (manufacturer of PVC windows and doors), the Teraplast Logistic subsidiary (has been coordinating the group’s logistic activities since June 2016), TeraPlast Hungary (distributor), the polyethylene division (the former Politub, manufacturer of polyethylene pipes), and Depaco (metallic tile producer).