EnglishPlastic boards manufacturer Romcarbon Buzau reported a net profit of 2.44 million RON (778,557 EUR) in the first six months of 2007, recording a 10.31% increase from 2.21 million RON in the same period last year, according to a report to Rasdaq. The company"s turnover doubled in the first six months, amounting to 44.27 million RON (14.12 million EUR), from 22.83 million RON in H1/06.
Revenues totalled 47.66 million RON (15.14 million EUR), as compared with 22.78 million RON in the corresponding period of 2006. Expenses increased 2.2 times to 44.75 million RON (14.27 million EUR), from 20.27 million RON in H1/06.
The company has a share capital of 5.10 million RON, divided into 51.01 million shares with a face value of 0.10 RON. Romcarbon is controled by two Taiwan-based companies, Living Plastic Industry (32.93%) and Unitai International Corp. (19.7%). Eastern Eagle Fund holds 22.48% in the company. Romcarbon Buzau is listed on Tier 2 of the Bucharest Stock Exchange as ROCE and has a market capitalisation of 70.91 million RON.
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