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Cemacon businesses go up by 86% in Q1, to 21.49 million lei


Cemacon brick producer (CEON exchange symbol) achieved a net business figure of 21.49 million lei, 86% higher than in the same period of 2017, when it was 11.56 million lei, according to data sent by BVB.

The company made a net profit of 6.18 million lei, from losses of 126,606 lei in the first quarter, 2017.

Cemacon representatives say the the exchange capitalization value doubled in the last 15 months.

Reported to 2017, the share of incomes from ceramic blocks and goods remained the same. The variation of stocks records lower values than in the previous period as a result of the difference between produced and sold quantities in Q1 2018.

Cemacon is listed with BVB and has a market value of 91.19 million lei. The company is owned mainly by institutional shareholders, Romanian and foreign investment funds.

Cemacon operates two production facilities in Salaj county, both functioning full capacity. This is the second ceramic block manufacturer in Romania and one of the market leaders in Transylvania.