Albalact Group’s consolidated revenue up by 17.29 to RON 366.9 mln in the first nine months

Newsroom 16/11/2016 | 12:25

Albalact Group, part of the Lactalis, the international dairy group, closes the third quarter of the year with a growth of 17.29 percent in the net revenue, to RON 366.98 million, compared to the one registered in the same period of 2015.

The financial results IFRS show that Albalact Group had a net profit of RON 23.8 million at the end of the first three quarters of the year.

The financial results comprise the consolidated results of Albalact SA and Rarul SA Campulung Moldovenesc and Albalact Logistic SRL, that Albalact SA owns. The listing of the company on the Bucharest Stock Exchange in 2015 determined the revaluation of the financial results of the three companies from Albalact group, replacing the individual reporting according to the Public Finance Ministry Order with the consolidated reporting according IFRS.

The individual reporting according to the Finance Ministry shows also that individually, Albalact SA increased its net turnover by 18.56 percent after the first nine months of the year to RON 429.32 million, compared with the same period of 2015.

„The profitable growth from the present is the result of the important projects that we had in the last year, but it is partially owed to a more efficient cost management. The marketing investments were the most important also this year for the company. The innovation is the promise that Albalact makes to his consumers. We launched Zuzu Stors, a special yoghurt. We hope to create a new category on the yoghurt market, ” said Stephane Batoux, general director Albalact.

Georgiana Bendre

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