The result came amid a 40% cut in financial losses, to half a million lei, and a 18% increase in operating profit, to RON4.5 million.
Vrancart’s revenue was flat at RON49 million during the July-September interval. The paper producer ended the first 9 months of the year with net profit worth RON12.1 million, double the level reached in the same period of 2013.
The company’s revenue rose by 6.3% in the first nine months, to RON145.2 million.
Vrancart is controlled by SIF Banat-Crisana with an almost 75% stake.
(English version by Catalina Apostoiu)