Revenue rose 3% to €26,875,000, but direct cost of sales rose at double that pace to €22,815,000.

Masterplast blamed the narrower margin on higher feed stock costs and unfavorable exchange rate changes.

It added that payroll costs rose 5% at €1,963,000 as production activities expanded and efficiency improved.

Masterplast practically broke even on the financial profit line, improving from a €254,000 loss in the base period, which also favorably impacted the bottom line.

Masterplastʼs domestic sales generated 25% of revenue in Q3. Sales in Romania accounted for 16%.