DN AGRAR doubles its net profit to 22.3 million RON in the first nine months
DN AGRAR Group, the largest integrated livestock farm in Romania, with cow milk production and vegetable production, recorded a turnover of 115.9 million RON, an increase of 12.4 percent and a net profit of 22.3 million RON that advanced by 110.8 percent in the first nine months of 2023 compared to the same period in 2022.
Jan Gijsbertus de Boer, Chairman of the Board, CEO, DN AGRAR Group SA: “By adopting sustainable practices and modern technologies, we have ensured both the quality and the sustainable development of the business. We have focused on operational investments, both for expanding production capacity on current farms, as well as for preparing young cattle for the Straja project, which we will launch next year. We are preparing projects for 2024, including continuing the installation of robots on farms, installing photovoltaic panels, and developing the compost factory, according to the investment plan.”
In the first nine months of 2023, DN AGRAR’s livestock, consisting of milking cows and young cattle, reached nearly 13,000 heads, a 20 percent increase compared to the same period in 2022. The quantity of milk delivered was 41 million liters, a growth of 15.8 percent compared to the same period of the previous year.
DN AGRAR Group, consisting of 15 companies, including 4 farms specialized in dairy cattle breeding and cow’s milk production, has integrated activities, including logistics and transportation services for cow’s milk nationally and in Europe. In the field of cereals, the group cultivates over 7,000 hectares of cereals and fodder, primarily to provide feed for the animals from the farm. The goal is to reach 10,000 hectares through the acquisition of other farms.
As of September 30, 2023, DN AGRAR Group had 273 employees.