Its profit only rose 5.6% to RON28 million (EUR6.3 million), following higher costs with raw material and taxes. In 2014, the company posted a profit of RON26.56 million.
Biofarm operating profit rose 18.8% to RON32.2 million last year, from RON27.1 million in 2014.
The costs with raw materials and consumables increased by 30% to RON42.06 million, while other operating expenses totaled RON47.5 million, up 11% on the year.
Last year, personnel expenses rose 7% to RON22 million.
The company is listed on the Bucharest stock exchange and its main shareholders are three of the five regional investment funds (SIFs): SIF Muntenia (SIF4.RO) with 50.9%, SIF Banat-Crisana (SIF1.RO) with 22% and SIF Moldova (SIF2.RO) with 13.6%.