EnglishLafarge Agregate si Betoane reported losses of 773,631 RON for the first quarter of the current fiscal year, declining 4.7 times from the same period last year. Company officials explained that the result is mainly due to the fact that Lafarge Agregate si Betoane has a seasonal activity, which is influenced by weather conditions. The company expects to cut losses and end this year with profit, according to a press release.
First quarter turnover amounted to 17,174.913 RON, up 2.7 times from the year-ago quarter, while sales totaled 15,205.174 RON. Revenue amounted to 20.6 million RON, whereas expenses reached 21.4 million RON.
The company is listed on Rasdaq as AGEM. Lafarge Agregate si Betoane has a share capital of 14,999.725 RON, divided into shares with a afce value of 2.5 RON/share. The majority shareholder is Lafarge Ciment, with 84.63% in the company, followed by SIF Muntenia, with 10.32%.
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