Albalact reported sales RON165.89 million and profit of RON3.57 million in the first half of 2012.
Last year, Albalact doubled the production capacity at its plant in Campulung Moldovenesc. The company also operates a plant in Oiejdea, Alba County.
Albalact said recently it expects net profit of RON13.86 million in 2013, up 90% on the year. The company registered sales of RON343.8 million in 2012, slightly up on the year, and net profit of RON7.3 million, up 27% on the year.
The company is controlled by businessman Raul Ciurtin, which holds a 42.53% stake in Albalact through two firms registered in Cyprus: Crisware Holdings (26.86%) and Croniar Holdings Limited (15.67%). Investment fund RC2 owns 25.45% of the shares.