Avicola is 70.83% owned by businessman Ioan Popa.
The meat processor switched to a loss of RON2.8 million (EUR0.67 million) in the first quarter, from a profit of RON0.4 million in the year-earlier period. Total sales slid 9% on the year to RON22 million (EUR5.2 million). (EUR1=RON4.1817)