01 AUGUST 2017AlCircle.com
Aluminium products manufacturer Alcomet reports profit fall in H1 2017
Edited by : Heena Iqbal
1 min read
<p>Aluminium products manufacturer Alcomet from Bulgaria announced its consolidated results for the first half of 2017 on Monday July 31.</p>
<p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/3a4ef86553578740f6592762b7510fdc.jpg" alt="news" width="448" height="281" /></p>
<p>The company’s consolidated net profit dropped to 9 million levs ($5.4 million/4.6 million euro) in the first half of 2017, from 13.6 million levs during the same period of 2016.</p>
<p>However, the company’s sales revenue increased to 177.2 million levs in the first half of 2017, from 155.1 million levs in the first half of 2016, the company said in a house filing.</p>
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<p>The value of total products sales volume, however, rose to 157.8 million levs in the first half of 2017, from 130.8 million levs in the same period of 2016.</p>
<p>Alcomet shares closed at 17.9 levs on Monday, in a trading volume of 313 units on the Bulgarian Stock Exchange.</p>
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