23 April 2008 - Romanian dairy producer Albalact expects saw a net profit of 3.2 million Romanian lei (900,000 euro) in the first quarter of 2008, well below the 1.5 million euro recorded in Q1 2007.
Meanwhile, the company's Q1 revenue rose by 15% year-on-year to 47.7 million lei (13.4 million euro).
In November 2007, FLEXNEWS reported that Albalact was targeting a 50% growth in turnover to 72 million euro for 2008 mainly thanks to its dairy plant in Oiejdea which reached full capacity in December.
Also in 2008, Albalact intends to invest 7 million euro in a dairy farm located in the central county of Harghita. The farm will have a daily output capacity of 15,000 litres of milk.
According to Albalact president Raul Ciurtin, the company is one of the top 5 dairy producers in the country.
Along with its rivals Friesland, Danone, La Dorna and Hochland, Albalact has invested heavily in marketing over the past years to grow its brand image.