The net profit stood at more than RON4.9 million, much lower than in the year-ago period, RON23.6 million.
“The company’s profitability was negatively influenced by the rise in raw material and packaging, consumable, utility prices and by the annual salary raises,” Zentiva officials told ZF.
Exports, especially to the Czech Republic accounted for more than 55% of Zentiva’s sales in the first quarter, the same as in the year-ago period.
Zentiva spent RON99 million on raw materials and consumables used in the first three months of 2022 compared with RON83 million in the first quarter of 2021.
(English version by Loredana Fratila-Cristescu)