Cement plants Casial Deva and Moldocim Bicaz contributed to the revenues of Heidelberger Zement with some 561 billion lei (19.7 million dollars) over the first semester of this year, as compared to 421 billion lei (20.6 million dollars) over the year ago period, Mihai Rohan, general manager of Carpatcement Romania told Ziarul Financiar.
Carpatcement Romania provides the cement plants with management, financial, investment and development assistance.
Casial Deva registered 258 billion lei in H1 turnover, up 60 billion lei against last year, while the operational results stood at 4.9 billion lei.
“The lower value of Casial Deva operational results is due to the compensatory payments (11 billion lei) having been included in the operational expenses. The increase in losses from 20 billion lei in 2000 to 60 billion lei in the first semester of this year is due to the investment programme financed by credits and to the trend of the exchange rate,” Rohan says.
The net results point out H1 losses of 58 billion lei, against 3.2 billion lei last year. The sales of Deva-based plant slightly increased by 8,000 tonnes, reaching 205,000 tonnes.
Cement plant Moldocim SA Bicaz, taken over by Heidelberger Zement in 1998, registered more than 300 billion lei in H1 turnover, up 70 billion lei against the year ago period.
According to Rohan, the financial results of the Bicaz-based plant, with losses of 14.3 billion lei this year, against 41.6 billion lei in 2000, have been influenced by the investment programme financed by loans and by the evolution of the exchange rate.
Bicaz-based plant registered 4.5 billion lei net profit, while some 36 billion lei in losses were registered last year.
The sales of Deva-based plant followed a downward trend, as they fell from 237,000 tonnes over the first semester of last year to 216,000 tonnes of cement this year, the general manager of Carpatcement Romania said.