Prodlacta, on profit in the first half of 2019 | Progresiv

Dairy producer Prodlacta reported on the Bucharest Stock Exchange (BVB) a turnover of 49.9 million lei for the first half of the year, slightly higher compared to the same period of 2018, and a net profit of about one million lei. The company reported profit this year, after in H1 from 2018 had reported a loss of one million lei, and throughout the year had managed to reduce its losses to 688,000 lei.

In April, Prodlacta shareholders approved the increase of the company's share capital by almost 5.5 million lei for "covering the accounting losses".

The rate of increase of the business is lower than the one achieved last year compared to 2017. For the next period, the producer has set as an objective the increase of turnover by concluding contracts with all the store chains, at national level, by increasing the processing capacity of milk and, implicitly, volumes of raw materials. The company also operates in foreign markets.

Prodlacta is controlled by JLC Group, the main player in the dairy market in Moldova.