Romanian AdePlast 2011 Sales Rise 12.5% To RON143M
Romanian building materials producer AdePlast Wednesday said its 2011 sales rose 12.5% on the year to 143 million lei (roughly RON33 million), in line with expectations.
In 2010, AdePlast reported sales of RON127 million and a net profit of RON13 million, more than double on the year.
The company didn’t disclose the profit made in 2011.
In December, AdePlast estimated its net profit would fall to around RON6.5 million in 2011, due to investment write-offs and price discounts.
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Ștefan Stan
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