30 MAY 2017AlCircle.com
Aluminium products manufacturer Alcomet reports profit drop in Q1 2017
Edited by : Beethika Biswas
1 min read
<p>Aluminium products manufacturer Alcomet from Bulgaria announced its consolidated results for the first quarter of 2017 on Monday May 29.</p>
<p style="text-align: center;"><img style="text-align: center; vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/Alcomet.jpg" alt="News" width="480" height="200" /></p>
<p style="text-align: center;">Image: Alcomet</p>
<p>Consolidated net profit for Q1 2017 dropped to 4.7 million levs ($2.7 million/2.4 million euro) in Q1 2017, from 7.5 million levs (3.8 million euro) during the same period of 2016.</p>
<p>However, the company’s sales revenue increased to 88.8 million levs (45.3 million euro) in Q1 2017, from 79.9 million levs (40.7 euro) for Q1 2016.</p>
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<p>The value of total products sales volume, however, rose to 79.1 million levs in the first quarter of 2017, from 67.2 million levs in the same period of 2016.</p>
<p>Alcomet shares closed 2.22% higher at 18.4 levs on Monday, in a trading volume of 25 units on the Bulgarian Stock Exchange.</p>
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