It said sales amounted to RON127.5 million, down 11.7% on the year.
The company was affected by temporary activity halts due to the pandemic situation. It said it was impacted by difficulties in supply and logistics and a major drop in demand for its products, particularly in the second quarter.
Operating revenues stood at RON133.6 million, down 15.2% on the year, while operating expenses stood at RON126 million, down 12.4% on the year. Its operating profit in the first half amounted to RON7.6 million, 50% of the operating profit in the same period last year.
On a group level, Vrancart reported a net profit of RON4.5 million in the first half, compared with RON11.2 million in the same period in 2019, and a turnover of RON167 million, down 6.7% on the year.
Vrancart has a stock market value of RON167.1 million and its share prices grew 5.8% since the beginning of the year.
The company is 75% owned by SIF Banat-Crișana (SIF1.RO), while Paval Holding owns 16.9%.