Building materials increase producersî€™ profits
Cumulated turnover generated by the top 6 listed producers of building materials in the first half rose by 35.8% and reached almost 230 million lei (62.5 million euros). Overall income derived by the same companies in the first six months increased by 24.2%.
The building materials field in the first half of this year benefited from the high demand coming from builders, which led to a 30% price hike.
„I expect somewhat more moderate increases, of 5-10%, and not of 30-40% as we’ve registered so far,” said Ioan Crehul, general manager of Cemacon in Zalau (central Romania).
Lafarge Agregate si Betoane, the biggest producer in this field listed on the Stock Exchange, saw its turnover go up by 38.9% in the first six months, to 75.4 million lei, amid a 64.3% higher income of 7.3 million.
Analysts believe the stagnating indicators at the level of the constructions sector were also registered amid the more unfavourable weather conditions of this year.
The biggest listed constructions firm, Comnord in Bucharest, reported a 27% lower turnover in the first half, to 95.3 million lei, and 29% lower net income, of 9.9 million lei.
On the other hand, other smaller builders have posted even three-digit sales growth rates this year.