September 27 (SeeNews) - Slovenian chemicals company Melamin [LJSE:MKOG] said its net profit edged down 1.1% on the year to 2.5 million euro ($2.4 million) in the first half of 2022, it said.
Net sales revenue went up 23% on the year to 39.7 million euro, the company said in a statement with the Ljubljana bourse on Monday.
Sales abroad accounted for 90% of total, with the largest market being Italy, which generated 21% of all sales.
In May, a human error during the pumping of raw material caused an explosion at the factory of Melamin in Kocevje. The company expects the reconstruction to take up to 18 months and estimates the damage caused by the accident at above 30 million euro.
( $= 1.0388 euro)