Avicola Slobozia's profit takes plummets

Avicola Slobozia, a poultry rearing and meat processing company, posted revenues worth 64.7 million RON (19 million euros) last year, down 2% against 2006, while net profit fell almost 18 times to 146,934 RON, amid higher expenditures. In 2006, the company registered revenues worth 66 million RON (18.7 million euros) alongside net profit worth 2.68 million RON. Avicola Slobozia saw turnover worth 31.5 million-RON (9.4 million-euro) last year, up 6% against 2006, according to preliminary financial data. Expenditures went up 2.8%, to 64.51 million RON (19.3 million euros), compared with 62.76 million RON (17.8 million euros) in the preceding year. Avicola Slobozia was set up in 1990, and not only rears poultry for meat and eggs, but also produces fodder. Avi cola Slobozia owns six farms, an incubation facility, a poultry slaughterhouse, a fodder production facility and three stores (one held by the company and two rented stores).