20% higher profit for Ductil Buzau

Welding electrodes producer Ductil Buzau registered profit worth almost 100 billion ROL (2.4 million euros) in the first six months of this year, 20% higher in real terms as compared to profit derived in the corresponding period of last year. The company’s turnover also rose to 556 billion ROL (13.7 million euros), an increase of almost 20% as compared to the first half of 2003, when Ductil’s turnover reached 431 billion ROL (11.5 million euros). Total expenses increased by 37% in nominal terms, reaching 466 billion ROL (11.4 million euros), but this figure was surpassed by revenues. Gross profit stood at 133 billion ROL (3.2 million euros). H1 welding electrodes production stood at almost 10,000 tonnes, of which 50% was destined for export. Ductil derived net profit of 165 billion ROL (4.4 million euros) last year, against turnover standing at 899 billion ROL (23.9 million euros). The Italian firm Fro, a unit of the French firm Air Liquide Welding, owns 70.8% in Ductil, while Broadhurst Investments Limited owns 11.74%. ZF