The company also reported a turnover of RON423 million, up 23% from RON343.8 million in 2012.
Albalact’s revenue rose 22.5% to RON429.4 million last year, while expenses increased by 22.7% to RON419.5 million.
On April 28, shareholders will meet to approve the financial report as well as to discuss the merger with Raraul company and the partial or total sale of Albalact Logistic.
Albalact ranks third among Romanian dairy makers with a portfolio of over 80 dairy products under the brands Fulga, Zuzu, Fruzu, De Albalact and Raraul, according to company data.
Local businessman Raul Ciurtin indirectly owns a 42.53% stake in the company, through Cyprus-registered Crisware Holdings (26.86%) and Croniar Holdings Limited (15.67%). Cyprus-registered investment fund RC2 Limited owns a 25.45% stake. (EUR1=RON4.4553)