The company’s revenue grew 15%, to RON54.8 million (EUR13 million) from RON47.5 million, while expenses increased from RON47.1 million to RON53.9 million (EUR12.7 million), according to the financial report sent Wednesday to the Bucharest Stock Exchange.
This puts the company’s 2011 net profit at RON811,600, compared with RON361,785 in 2010.
Avicola Bucuresti’s share capital of RON24.9 million is divided into 9.97 million shares, with a face value of RON2.5 each. SIF Muntenia (SIF4.RO) owns 99.36% of the company’s stock.
On January 4, Avicola Bucuresti traded down 3.83% to RON4.77 per share. (EUR1=RON4.4168)