Market News


VRANCART SA - VNC

1st Quarter report - 2022

Release Date: 5/16/2022 6:00:16 PM

IRIS Code: 75F69

 

 

                                                                        Translation for information purposes only

 

NOTIFICATION

 

 

                The company VRANCART informs its investors and shareholders, in accordance with the Financial Reporting Schedule, that the Financial Statements for the first Quarter of the financial year 2022, drawn up in accordance with the International Financial Reporting Standards (IFRS) (the Order of the Public Finance Ministry no. 881/2012 and the Order of the Public Finance Ministry no. 2844/2016 as subsequently amended and completed), with the provisions of Law no. 24/2017 and of the Financial Supervisory Authority Regulation no. 5/2018, may be consulted at the company’s headquarters in Adjud, 17th Ecaterina Teodoroiu Street, Vrancea County, at the website www.vrancart.ro or using the link below, starting from May 16st, 2022, at 1800.

                The results of VRANCART for the quarter ended March 31st, 2022 confirm the Company's ability to generate profit and its financial strength.

Indicator’s name

Calculation modality

M.U.

Result

Current liquidity indicator

Current assets/Current liabilities

ratio

1,07

Indebtedness degree indicator

Borrowed capital/Equity x 100

%

68*

Borrowed capital/Employed capital x 100

%

40*

Debts-clients turnover

Average customers balance/Turnover x 90

days

64

Non-current assets turnover

Turnover/Non-current assets

ratio

0,4

* Borrowed capital includes credit lines, short and long-term bank loans, long-term trade loans, liabilities under short and long-term leasing agreements, as well as loans from bond issues.

                Additional information can be obtained at the telephone no. 0237-640800 – ext. 274 or at the e-mail address marian.radu@vrancart.com.  

 

            Chairman of the Board of Directors,         

                             

            Ionel-Marian CIUCIOI                                                              

 

 



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