Oltchim 4Q 2010 results
Raiffeisen Capital & Investment - 31 Ianuarie 2011
Chemicals producer Oltchim (OLT) released its 4Q 2010 results under RAS. Sales advanced by 40% yoy to RON 400 mn. On the costs side, raw materials costs climbed faster (+55% yoy to RON 232.1 mn), while other items had slimmer growth rates (ex. energy and labor costs rose by 5% and 27%, respectively).
As a result, Olchim reduced operating losses on a yoy basis to RON 16.4 mn. Financial losses of RON 19.8 mn further sunk the bottom line to a net loss of RON 36.2 mn (in line with 4Q 2009 loss of RON 37.4 mn). FY 2010 sales reached RON 1.31 bn, 21% higher yoy, fuelled by a stronger evolution in the last two quarters. In 2010 Oltchim posted a net loss of RON 214 mn, which virtually flat on 2009 loss (+1.9% yoy).
Sursa: http://www.rciro.ro
Tags: oltchim
EVENIMENTE DE AFACERI
facebook
twitter
linkedin
youtube
rss
newsletter