ROMANIA: Albalact group’s business stagnated in the first nine months | Progresiv

Albalact Group, which includes Albalact SA, Raraul SA Campulung Moldovenesc and Albalact Logistic SRL, reported in the first nine months of the year a turnover of 312.87 million lei, slightly up compared to the same period of 2014 when net income was 312.98 million lei, according to the consolidated financial reports.

In terms of net profit obtained by Albalact group of companies between January and September, it amounts to 9.98 million lei, significantly higher than the profit reported in the same period of last year, shows the same consolidated IFRS financial reports.

For the 2015 financial year Albalact group has budgeted a consolidated turnover of 419.45 million lei, adjusted in October according to IFRS regulations, up by almost 3% compared to 2014.

Albalact has a portfolio of over 150 products, traded under its five brand: Zuzu, Fulga, Albalact, Raraul and Poiana Florilor. The company owns 99.01% of the shares of Raraul from Campulung Moldovenesc.