Transchim amassed debts of about 19 million lei (EUR4.2 million) at the end of June, up 15% from RON16.4 million at the end of 2011. Receivables amounted to RON4.4 million, from RON3.3 million at the end of December.
Transchim registered a net loss of RON2.3 million in the first half of 2012, from RON193,000 in the same interval a year ago. Its turnover fell 21% to RON7.6 million, from RON9.6 million.
Bad weather conditions in the first quarter of the year seriously affected the company, which had to cancel transports, Transchim said in a report sent to the Bucharest Stock Exchange Friday.
Between 2007 and 2011, the transporter’s losses amounted to about RON14 million.
Transchim increased its capital by RON4.9 million in 2010. SIF Muntenia contributed RON2.5 million to the increase. Last year, the transporter launched a bond issue which drew RON3.6 million. SIF Muntenia, which owns a 55.72% stake in the transporter, was the only bond buyer. (EUR1=RON4.4595)