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Profit of Romania's chemical group Chimcomplex collapses amid high energy cost

March 6, 2024

The profit of Romanian chemical group Chimcomplex (BVB: CRC) collapsed by 71.5% y/y to RON 76 million (over EUR 15 million), according to the preliminary results published by the company.

"We are above indicators in a context where the European chemical industry is facing its most severe economic recession in the last 6 decades: demand is decreasing, investments are moving to other regions, and energy and gas prices are 400% higher than in the USA, China, and the Arab Countries," said...

The text of this article has been partially taken from the publication:
https://www.romania-insider.com/chimcomplex-profit-down-high-energy-costs-2023
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