Centrofarm sales reach 6.5m euros

Centrofarm, which runs drugstores in the Carrefour Orhideea, Bucuresti Mall and Cora shopping complexes, generated total sales of approximately 6.5 million euros (261bn ROL) last year, according to the RASDAQ. The company made net profits of around 270,000 euros (11bn ROL) in the same period. Centrofarm officials were unavailable for comment. Total revenues increased by nearly 1.5 million euros (54bn ROL) against 2003 to reach 7.7 mil euros (282bn ROL), the company says. The amount of turnover generated in 2003 came close to 6 million euros, with Centrofarm posting a 10,000-euro loss, according to the Finance Ministry. Centrofarm modified its drug portfolio structure last year, shifting the emphasis to sales of OTC (non-prescription drugs) and para-pharmaceutical drugs. Its network extends to 28 drugstores. The majority shareholder in the company is Generalcom Bucharest, which owns 66.2%, according to the RASDAQ. The State Asset Resolution Authority (AVAS) owns a further 17.3%, and Interfinance Capital Investment fund, Portuguesa Higiene company and individual shareholder Bonte Alain Louis each hold less than 5%. ZF