In 2014, the company registered a turnover of RON447.9 million (EUR106.9 million), up 12.2% on the year, and a net profit of RON12.3 million (EUR2.78 million), up 46.4% on the year.
The company’s shareholders approved the company’s budget of revenue and expenses on Tuesday, April 21.
In 2015, Albalact aims to boost the market share for almost all products and improve the company’s profitability and financial situation in order to enhance the return on investment for the company’s shareholders.
In 2014, Albalact completed a series of investments started in 2013, which mainly targeted the modernization and expansion of the production capacity of its factory in Oiejdea (Alba county). The company earmarked nearly EUR8 million for the investments.
Albalact owns two production units, one in Oiejdea and one in Campulung Moldovenesc (the Raraul factory).
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.