Slovenska Bistrica, 25 September (STA) - Aluminium products maker Impol generated EUR 368m in revenue in the first half of the year, which is 7% more than in the same period in 2017, while volume sales were up by 1.5%. Net profit was meanwhile down by 6% to EUR 19.8m, according to the report published on Tuesday.
The management of the Slovenska Bistrica-based company said in the report that in addition to higher volume sales, the growth in revenue was also a consequence of higher sales margins and higher value of aluminium on the market.
The trend of growing demand for Impol products continued this year, enabling the company to reach and exceed the set monthly goals, in particular in the sales of hot-rolled and cold-rolled products.
In the first six months of the year, Impol spent EUR 41m on investments, including in Slovenia and in its subsidiaries in Croatia and Serbia.
The company paid off EUR 27m in loans and took out EUR 45m in new loans, the report says, while noting that an additional EUR 27m in long-term loans would be repaid in the second half of the year.
Impol, which employees 2,320 people (1,260 in Slovenia, 660 in Serbia and 400 in Croatia), generated 5.4% of its sales in the first half of the year on the domestic market.
On the foreign markets, the company generated most of its sales in the EU, while increasing the share of its sales in North America.
The management added that good results were also expected to be made in the second half of the year, enabling the company to come close to the set goals.