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VRANCART SA - VNC

2017-H1 - Financial results

Release Date: 8/14/2017 6:30:04 PM

IRIS Code: 009D7

N O T I F I C A T I O N

 

The company VRANCART S.A. Adjud informs its investors and shareholders that the report for the 1st half of 2017 (individual and consolidated), drawn up in accordance with the International Financial Reporting Standards (IFRS) (the Order of the Public Finance Ministry no. 881/2012 and the Order of the Public Finance Ministry no. 2844/2016 as subsequently amended and completed, with the provisions of Law no. 24/2017 and of the CNVM Regulation no. 1/2006, along with the interim financial statements as at June 30th, 2017 (Individual and consolidated) and  statement of responsible persons, are available for consultation at the company’s headquarters in Adjud, 17 Ecaterina Teodoroiu Street, Vrancea county or on the company’s website www.vrancart.ro, starting from August 14th, 2017 at 18:30.

 

The results achieved by VRANCART S.A. in the first half of 2017 confirm the company’s ability to generate profit and its financial soundness. In this period, the net profit recorded was 11.456.631 lei, at the level of the profit estimated in the Revenues and Expenditures Budget.

The economic and financial indicators as at June 30th, 2017 were as follows:

Indicator name

MU

June 30th,  2017

June 30th, 2016

Overall liquidity

ratio

1,81

0,98

Immediate liquidity

ratio

1,37

0,63

Stock turnover

rot/year

10

9

Debt recovery

days

66

69

Reimbursement of trade liabilities

days

25

26

Operation profitability

%

11,3

11,5

Gross profit ratio

%

10,5

11,1

 

The overall and immediate liquidity indicators had recorded increases as at June 30th, 2017 due to the cash contribution from the bond issues during the first half of 2017. The other indicators did not record any major changes as at June 30th, 2017 compared to the same period of the previous year.

Additional information may be obtained at the telephone no. 0237-640800 – ext. 274 or at the e-mail address laurentiu.dobre@vrancart.ro .

 

Chairman of the Board of Administrators,               Law Office,

Ec. Ciucioi Ionel-Marian                                                   Legal Adviser Dobre Laurentiu

 

The Ist Half Year Report 2016  of the Board of Administrators (individual and consolidated), accompanied by the Interim financial statements, not audited (individual and consolidated) and statement of responsible persons may be consulting using the link below.

 



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