Cemacon net turnover dropped 7 percent to 29.6 million RON in Q1

Building materials producer Cemacon registered a decrease of the net turnover by 7 percent in Q1 compared to the same period of 2019, reaching 29.6 million RON. Compared to 2019, the share of revenues from ceramic blocks and goods remained similar.

Changes in inventory revenues recorded higher values than in the previous period as a result of the gap between the quantities produced and sold in Q1 2020.

Expenditure on raw materials and materials has grown by 21 percent as a result of the increase in the quantity produced compared to the same period of the previous year, productivity marked by investments put into operation as well as by a generalized increase in the purchase price for raw materials, materials and fuel generated by the current economic context.

Wage expenditures recorded a 24 percent increase over the previous year due to a 15 percent increase in the number of employees compared to the same period in 2019. Operating expenses increased with 12 percent compared to the previous period from last year, being marked by the pace of development of the company’s activity. For the period ended March 31, Cemacon has an operating profit of 15.1 million RON and a net profit of 10.5 million RON.