Romanian Romcarbon Swings To 2.9M Net Profit In 2011
Romanian plastic profiles producer Romcarbon Buzau (ROCE.RO) swung to a net profit of 2.89 million lei (EUR0.66 million) in 2011, versus losses a year earlier, as costs fell at a faster pace than revenues.
In 2010, Romcarbon reported a loss of RON0.53 million.
Romcarbon said total revenue fell 5.31% on the year to RON115.28 million in 2011, while overall costs were down 8.15% to RON112.3 million.
Sales declined 5.26% to RON107 million, the company said in its preliminary financial report.
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