about us | newsletter | contact | archive | members area
Gabriel Pantelimon, Xerox Romania
"The company's strategy is to increase sales on the hardware segment"»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

Agricover Agri-Business posts 12.2 million RON gross profit last year

Agri-Business division of Agricover Holding reached a gross profit of 12.2 million RON (2.7 million Euro) in 2016 on 1.14 billion RON (253.3 million Euro) turnover, a four per cent decrease compared to 2015, a press release shows.

2017-06-20 15:26:14 - From the Print Edition

The company′s last year gross profit comes after a 12 million RON (2.6 million Euro) loss registered in 2015. "2016 was a new step for us to streamline the operations of Agri-Business, which led to an increase in profitability," said Daniel Florescu, general manager of Agricover Agri-Business.

"We are committed to support the development of our farmer partners and for that we continue to focus on finding new solutions to reduce production costs." For this year, the company wants to develop the inputs distribution operations. Furthermore, 19 million RON (4.2 million Euro) are to be invested in the construction of a new pork products processing section, as well as supplementing refrigeration systems and expanding livestock paddocks.

Agricover Holding is one of the most important players in Romanian agribusiness, with over 16 years in this field. The company includes Agri-Business and Agri-Finance divisions, with over 850 employees and serving 4,500 farmers nationwide.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  2767 Views
Daily Info
New Dacia Duster shown for the first time in Romania at Renault Day

The new Duster model has been shown for the first time in Romania on Sunday, on the occasion of the Renault Day, an event organized on Dacia's industrial platform in Mioveni t...

Corneliu Bodea was reappointed as president of Romanian Energy Center

Corneliu Bodea was reappointed as president of Romanian Energy Center (CRE) with 244 votes, being the only candidate. His new mandate will last until September 2020.

Zacaria develops the first private industrial park in Craiova

The construction works on the new business park in Craiova are ongoing and the first 10,000 sqm of industrial space will be delivered by the end of the year, the Romanian real...

FIC: High growth without infrastructure is not possible in the long run

The Foreign Investors Council (FIC) believes infrastructure is key for Romania's future development and it is also one of the three pillars Romania must focus on if it is to b...

Superbet bonds start trading on Bucharest Stock Exchange

Corporate bonds of Superbet Betting & Gaming S.A., one of the most important gambling operators in Romania, have started trading on the Alternative Trading System managed by B...

 
 
   
advertising

advertising

advertising

advertising

advertising

More on News
Over 19,000 business plans submitted for Start-Up Nation program

Start-Up Nation Government program attracted over 19,000 business plans and a new edition will take place next year, said Ilan Laufer, Minister for the Business Environment...

Sorin Grindeanu hails the support for CVM lifting before 2019

Prime Minister Sorin Grindeanu met at Victoria Palace with the European Commission President Jean-Claude Juncker. The meeting was also attended by the Public Finance Minist...

PM Sorin Grindeanu: 5.7 per cent economic growth - confirmation that the measures taken by the Government are the right

The 5.7 percent economic growth registered in the first quarter of 2017, as compared to the first quarter of 2016, an evolution which exceeds the expectations of analysts a...

President Iohannis to hold political consultation to designate future PM

Parliamentary parties are invited today to the Cotroceni Presidential Palace for consultations with President Klaus Iohannis over the designation of the future prime minist...

Business Lease posts four million Euro turnover in the first semester of 2017

Business Lease, international company providing complete mobility solutions through Operational Leasing, Car Fleet Management and Rental in Romania, closes its first semest...

Vienna Insurance Group posts profit of 110 million Euro in Q1

Vienna Insurance Group reported a profit before taxes of around 110 million Euro in the first quarter of 2017, according to a press release.

Chinese delegation seeks investment opportunities in Romania

Prime Minister Mihai Tudose discussed at the Victoria Governmental Palace on Thursday about the opportunities to invest in Romania with an official delegation of the People...