Chimopar Bucharest, which operates in the chemical industry, saw losses worth 0.56 million euros (1.99 million RON) in the first quarter of the year, almost a ten-fold increase against losses seen in the January-March period of last year. The company management specified in a report sent to the Stock Exchange that the main reason behind the losses was the low level of sales. Chimopar posted a turnover worth 1.8 million euros (6.58 million RON) during the first three months, a 23% drop against the same period of last year. Chimopar representatives also specified that the decline in returns was due to the company losing contracts as supplier and to the decrease in the demand for products, given the strong competition that exists on this market. Chimopar is controlled by Jafco Holding, which owns over 68% of the capital. ZF
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