By comparison, in the same period of 2020, revenue stood at RON206 million and the net profit at RON10.1 million. Thus, Vrancart increased its revenue by 31% and net profit by 4.3%.
“The performance of the company in the first nine months of 2021 was influenced by the increase in raw material prices and utility tariffs generated by the trends in the international market, which were also reflected in the local market, as well as the expenses for salaries and services provided by third parties. The results achieved during the period, reflected in slightly higher profitability and good financial indicators, confirm the company’s resilience to adverse changes in the market,” the quarterly report says.
Vrancart has a capitalization of RON231 million and is majority-owned by SIF Banat Crisana with a 75% stake. The shares have gained 53% since the beginning of 2021, following transactions of RON3.7 million.
(English version by Loredana Fratila-Cristescu)