High profit for Oltchim in 2015

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Oltchim Ramnicu Valcea registered last year a preliminary net profit of RON 2.308 billion, due to the cancellation of debts, following losses of RON 459.32 million in 2014, realitatea.net reports.
According to a release issued on Friday by the Bucharest Stock Exchange (BVB), these are the best economic and financial results since the insolvency proceedings, the release reads, and the best result in economic and financial operational index EBITDA since 2008.
Oltchim’s preliminary turnover grew last year by 18% to RON 742.39 million from RON 627.53 million in 2014.
The result includes a gross recorded result of RON 2.371 billion, determined by debt cancellation, following the confirmation of the reorganization plan.

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