The new forecasts represent the group’s consolidated turnover revised under international accounting IFRS standards, which Albalact enforced following its transfer from RASDAQ to the bourse’s regulated market.
Previously, under Romanian accounting standards, Albalact aimed at a 7% higher turnover, at RON508 million, from RON475 million in 2014.
The new forecasted turnover is strengthening the Albalact group’s revenue and eliminates the influence of intra-group’s transactions, namely those performed between Albalact, the parent company trading Zuzu milk, Raraul cheese producer and logistics company Albalact Logistics.
The slow increase pace of the company’s turnover shows the company aims to first strengthen its position on the market after the company’s operating revenue under IFRS increased by 22% between 2012 and 2013 and by 5.8% between 2013 and 2014.
Albalact’s operating revenue under IFRS increased 4.7% in the first semester, at RON207 million, while the net consolidated profit was up 87%, at RON4.95 million.
Albalact, with a nearly RON200 million capitalization, will be included, as of next week, in the BET-XT index monitoring the trend and yield of the most liquid 25 shares, with a 0.2% share.
(English version by Manuela Panescu)