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Stirom 1H 2004 net profit up 64%

Romanian glass maker Stirom posted net profit for the 1H 2004 up to EUR 2.3 million (USD 2.8 million ), a rise of 64% year-on-year, it was reported on 30 August 2004.
Stirom“s total revenue grew by…

Romanian glass maker Stirom posted net profit for the 1H 2004 up to EUR 2.3 million (USD 2.8 million ), a rise of 64% year-on-year, it was reported on 30 August 2004. Stirom“s total revenue grew by 38% to EUR 16.8 million while total expenses increased by 30.7% to EUR 13.6 million. The company declined to comment on the results. Stirom turnover reached EUR 14.5 million for the 1H 2004, up 23% year-on-year. The firm was set up in 1966, with Greek glass-making group Yioula Glassworks acquiring 50.9% in Stirom in 2003. The group operates in Greece, Bulgaria and Romania, producing glass containers and tableware.

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