Albalact Group’s turnover up by 16.94 pct to RON 242 mln in H1

Newsroom 10/08/2016 | 12:05

Albalact Group’s turnover grew by 16.94 percent in the first half of this year compared with the same period of 2015 to RON 242 million, while the net profit grew to RON 18.8 million, says the financial report submitted to Bucharest Stock Exchange (BVB).

„We are satisfied that we succeeded in maintaining the profitable growth, even overpassing the one that we planned. The present sums are the result of the important projects that we started and constantly dedicated to in the last year, but also the result of a more efficient management of costs, of distribution activity optimization and of some changes in the production and sales structure. We have a great importance to marketing investments and the results of the last launches were over expectations, ” says Stephane Batoux, general director of Albalact.

On January 27, the main shareholders who own 70.3 percent of the social capital of Albalact Group closed a contract with Lactalis to sell all the shares they own in Albalact. In July, the Competition Council authorized the taking over of Albalact Group by Lactalis Group.

Georgiana Bendre

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