Prodlacta reported sales of RON16.6 million for the January-September period, down from RON48.5 million in the year-earlier period.
Revenues more than halved to RON16.5 million, while costs were up 56% to RON20 million, the company said in its financial report.
Prodlacta’s main shareholder is its employees association, with a 41.75% stake, while Olympus Dairy Industry Baraolt holds a 23.45% stake and Romania’s privatization authority AVAS – 18.14%.
On the Bucharest bourse Wednesday, Prodlacta closed flat at RON1.1 a share. (EUR1=RON4.3565)