Transavia posts 2m-euro profit in Q1

Transavia group in Alba county, one of the largest producers of poultry and poultry-based products posted a 103 million-RON (24.1 million-euro) turnover in the first three months of the year, up 28.7% in RON and 11.5% in euros compared with the same period in 2008, according to data provided by company representatives. Results obtained by Transavia were influenced by the rise in poultry sales in the first quarter of this year amid a rise in the price of beef and pork products. The emergence of this trend was prompted by the rise in the price of meat, with pork being mainly imported, and its price affected by the depreciation of the RON against the euro. The gross profit posted by Transavia in the first three months of this year amounted to 9 million RON (2.1 million euros), up 80% in euros against the first quarter of 2008, when the producer recorded a 5 million-RON (1.3 million-euro) gross profit.