ZF English

Interstar Chim triples profit

28.04.2006, 00:00 32

Interstar Chim Bucharest, a producer operating in the chemical industry posted a net profit worth 3.4 million RON (930,000 euros) last year, a three-fold increase against 2004. "The tripling of the profit was facilitated by elements such as favourable exchange rate differences for imports, keeping sales prices at a constant level and a good cost management," stated Radu Mihail Haita, financial manager of Interstar Chim. According to him, the company targets business worth 50.4 million RON (14.5 million euros) for this year. "This estimate takes into consideration the launch of new products, our advertising policy, as well as exports to new markets such as Russia, Bulgaria and Moldova," Haita says. Interstar Chim posted a turnover worth 45.6 million RON (12.6 million euros) in 2005, an approximate 12% increase against the turnover witnessed last year. Interstar is present on the local market with brands such as Biocarpet (products for carpet cleaning), Rivex (multi-purpose cleaning products, dishwashing and laundry detergents, bleachers), Snow (laundry detergent, bleacher and laundry conditioner), Trim (dishwashing detergents, cleaning accessories), Peak (toilet cleaning and drain unclogging products), Wipe Out (furniture care products) and Mr. Agres (insecticides). Interstar Chim''s main rivals, according to a company official, are Procter & Gamble, Unilever, Henkel and Reckitt Benckiser. ZF

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