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Comelf reported for the first semester of this year a net profit of 1.948 million RON, rising by 61% from the same period of last year, according to a report sent to the Bucharest Stock Exchange (BVB), agerpres reports.
The company had total expenses of 64.182 million RON during the first semester, higher by 3.67% from the first semester of 2020. The report mentions that these have gone up, when comparing with the first semester of 2020, in a proportion smaller than the rise of the revenues, influenced only by the price of raw materials, at an accelerated rate. Other expenses registered a drop, which managed to compensate the increase of the raw materials costs, based on a conservative management of all company's commitments on the side of costs.
Comelf reported a profit before the corporation tax of 2.207 million RON, up by 61%. The company's gross result was influenced favorably by the company's costs, other than those with the raw materials, which registered a drop, so that a balance can be maintained between revenues and operational costs, with the purpose of a satisfying profitability, increase of the revenues, based on the increase of the cash price, with the purpose of an optimal recovery of the raw materials costs.
Comelf is a manufacturing company in the car construction industry and its objective is manufacturing equipment for energy units and environment protection, metallic structures in the area of renewable energy (source: water, wind and sun), cars and earth-moving vehicles or subsets of these, equipment for lifting and transport machinery, including their components. The manufacturing takes place in 6 production buildings, on a total surface of 80,824 square meters, equipped with machinery, installations, tools for mechanic processing, laboratories and utility networks for carrying out the production processes.
