Albalact said total sales rose 25% to RON307 million in January to September, from RON247 million in the same period of 2012, on the back of improving investments.

Alabalact has a share capital of RON65.27 million. The company is 42.53%-owned by local businessman Raul Ciurtin. Cyprus-registered investment fund RC2 Limited owns a 25.45% stake.

Thursday, Albalact closed flat at RON0.15 in Bucharest. (EUR1=RON4.4536)