6.2m euro turnover for Tehnoton Iasi

Iasi-based home appliances and professional electronic equipment maker Tehnoton logged 221.5bn ROL (some 6.2 million euro) revenues in the first half, approximately 50% more in ROL than in H1, 2002. Net profit reached 7.7bn ROL compared with 325.4 million in the first half last year. “This trend was due to a number of factors. First of all, we broadened our product range and then we relaunched our industrial equipment production, which provides a higher margin. Furthermore, we achieved a healthy cost cut by buying new top of the line equipment and by establishing our own distribution network. All this in addition to a 30% growth in cooker sales,” company administrator Maricel Popa told Ziarul Financiar. Tehnoton’s first-half expenses amounted to 231.1bn ROL. ZF