Napolact sees 11% growth in 2003

Cluj-based dairy producer Napolact is planning to attain 11.6 % ROL turnover growth in 2003 as compared to 2002. Last year, the company’s turnover reached 28.4 million dollars (940 billion ROL), up 19% as compared to 2001, when turnover came at about 23.7 million dollars. For this year, the company anticipates turnover will amount to one thousand billion ROL. At the same time, Napolact’s 2003 S&R budget, which was approved by the General Assembly of Shareholders, stipulates net profit of 121.2 billion ROL (about $3.2 million) as compared to 118.7 billion ROL ($3.5 million) in 2002. ZF