The tube maker of TMK Artrom increased its business by more than a third in the first three quarters and, in this context, the company gained almost double the 48 million lei.
TMK Artrom (ART), a portfolio company of Russian group TMK, controlled by billionaire Dmitri Pumpianski, achieved total revenues of 1.07 billion lei in the first nine months of this year, up 36.39% from 766.90 million lei in the same period last year.
Operating profit increased 106.26% to 69.16 million lei from 33.53 million lei. The dynamics was slightly more modest, + 97.95%, in net profit, which increased to 48.32 million lei, from 24.41 million lei. In the middle of the year, net profit was 30.96 million lei.
READ TeraPlast's investment in Serbia is fruitful. The company doubles its turnover for 9 months and has a net profit of more than 22 million lei, increasing by 40%
At September 30, total assets of TMK Artrom was ROL 1.25 billion, up 6.84% compared to ROL 1.17 billion on December 31, 2017. In the same period, total debt increased with 5 , 60% to 683.07 million lei, of 646.86 million lei.
Pottery maker Artrom Slatina, controlled by a German company of the Russian group TMK at a ratio of more than 92%, is listed on the Bucharest Stock Exchange, where, at the closing price of 3.80 lei / share, it has a market capitalization of (EUR 94.75 million).
The information published by Profit.ro can only be retrieved within 500 characters and quoting the source with an active link. Any departure from this rule constitutes a violation of copyright law 8/1996.