Its sales reached RON95.59 million in the first three months of 2016, higher than RON80 million posted in the same period in 2015. The increase in sales and the reduction of the clawback tax fueled these results, company representatives said.
Service revenues stood at RON4.69 million in the first quarter of 2016, 54% lower than in the same period a year ago.
Zentiva’s turnover reached RON100.5 million in the analysed interval, up 11% compared with the first three months of 2015.
For 2016, Zentiva estimates sales of RON427 million and targets an operating profit of RON148.9 million.
The company’s market capitalization currently reaches RON725.5 million (EUR161.2 million). Its shares have decreased by 14.71% since the beginning of 2016 and currently trade at RON1.76/unit.