Its net profit climbed 20 times to over RON0.4 million, the company said in a report.

Lactag wants to enter the meat products market by acquiring a factory in the southern county of Dolj.

The company is owned by Robert Iriza and general manager Adriean Asan-Mic, with a 49.01% stake each.

Lactag is listed in Bucharest on the Rasdaq market.

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