about us | newsletter | contact | archive | members area
Marius Nedelcu, TransferGo
Cash will become obsolete and this will be the result of digital finance advancement»
  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 and 1.14 billion RON (253.3 million Euro) turnover, four per cent decrease compared to 2015, a press release shows.

2017-04-05 11:58:09

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 for the construction of a new pork products processing section, supplementing refrigeration system and expanding livestock paddock.

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



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  9948 Views
Daily Info
BearingPoint reaches 560 employees in Romania

Dutch management and technology consultancy firm BearingPoint has reached 560 employees in Romania and plans to continue hiring, local Profit.ro reported.

Taxify Comfort launches in Bucharest to compete with Uber Select

Taxify is launching a new service in Bucharest for all its users, Taxify Comfort, which will include cars of a superior class compared to its regular service, such as Audi A6,...

Uber Eats launches in Bucharest

Uber announced the expansion of its global food delivery app to the Romania's capital. Residents of Bucharest will be able to open the Uber Eats app or visit ubereats.com to o...

AFI Europe Romania posts 13.6 million Euro net operating income, up 12 per cent in Q1 2018

AFI Europe Romania published its financial results; The Net Operating Income from its income producing assets in Romania reached 13.6 million Euro during Q1 2018, representi...

Deloitte Romania and Reff & Associates advised MAS in acquiring Militari Shopping Center

Deloitte Romania and Reff & Associates, member of Deloitte Legal in Romania, have advised MAS Real Estate in the acquisition of Militari Shopping Center from Atrium European R...

 
 
   
advertising

advertising

advertising

advertising

advertising

More on News
ING Bank Romania to accelerate business development through digitization

Customers are increasingly interacting with the bank through its digital platforms and are making more card payments, according to a report issued by ING Bank Romania.

2 Comments

TransferGo: We will come to a point where money transfers will be dominated by app usage

Cash will become obsolete and this will be the result of digital finance advancement, Marius Nedelcu, Country Manager at TransferGo told The Diplomat-Bucharest.

CW Echinox: Green certifications now a standard on the Romanian real estate market

2017 was a well-performing year for Bucharest's office market, with many new occupiers and expansions, and the delivered projects were rapidly absorbed, leading to a signif...

Great potential comes with big challenges

The residential market in Romania registered new record investments in 2017, one of its best years so far - and analysts said the trend will continue for sure this year.

1 Comment

Globalworth: The number of green accredited buildings continues to grow every year

Romania today is one of the few economies in Europe that had a consistent expansion over the past six years, outpacing EU average growth, Dimitris Raptis, deputy CEO and Ch...

1 Comment

UniCredit announces updates in the Mobile Banking application

UniCredit Bank launches new facilities in the up-to-date version of its Mobile Banking application to provide customers with a simpler and faster user experience.

2 Comments

ESOP: We expect that the green building trend further grows

The Romanian market is one of the most dynamic in the region due to the accelerated development in IT&C, BPO, shared services industries, and to the expansion of research &...