Avicola reported a net profit of RON0.62 million, up from RON0.5 million in the first nine months of 2010.

The company said total revenue rose 14.4% on the year to RON83.7 million, while overall costs were up 14.3% to RON83.1 million.

The meat processor is 70.83%-owned by Ioan Popa, who also owns peer company Transavia Alba Iulia.

On the Bucharest bourse November 10, Avicola closed down 6% to RON0.94 a share. (EUR1=RON4.3487)

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