Romanian cardboard producer Vrancart Adjud has posted higher sales revenues and an improved net profit for the first halfof this year. The comfirmpany reported sales of RON 117.36 million (€29.64 million), and a net profit of RON 11.35 million (€2.87 million), up up 16% and 51% compared with the same period a year earlier, respectively.
The firm’s improved financial results allowed Vrancart Adjud to acquire local competitor Rom Paper Brasov last month.
Vrancart Adjud’s higher sales from January to June 2016 were also related to the expansion of Romania’s tissue paper market which is currently es-timated to be worth some €400 million, according to data from local busi-ness daily Ziarul Financiar.
