Napolact profits up 28%

Dairy plant Napolact Cluj-Napoca logged net profit worth 151bn ROL (4.2 million euros) last year, up 27.9% in ROL from 2002. The company posted turnover of more than 1,000 billion ROL (28m euros), up 7.1% in ROL. Friesland Romania holds the main stake in Napolact and has run a public takeover offer for the Cluj-based company in the past few weeks, offering 55,000 ROL/share. The face value of one Napolact share is 17,000 ROL. Before the offer, Friesland controlled 41.5% in Napolact, whereas the Employees’ Association held a 39.4% stake. ZF