“Firstly, we want to continue investments in new stores as in around two years sales through MEGA stores will weigh over 50% in our sales. We then want to invest further in Mihailesti poultry platform,” said Horia Cardos, general manager of Agroland Business Systems.
On November 18, Agroland opened its 15 MEGA store in Bals, Olt county, with this also being the 11th MEGA store opened this year. Investment stood at EUR150,000.
Agroland in the first 9 months of this year reported operating revenues worth RON22.2 million, up 53% from the year-earlier period, and net profit of RON1.2 million, after around RON280,000 in January-September 2020.
AG shares have dropped by 29,4% since the start of 2021, amid deals of above RON20 million. The company’s capitalization stands at RON180 million.
(English version by Catalina Apostoiu)