December 12 (SeeNews) - Romanian dairy company Bonas [BVB:BONA] said that it will consolidate its presence on the local dairy market by investing 7.7 million lei ($1.65 million/1.56 million euro) in the acquisition of equipment.
Bonas obtained half of the funding - 3.86 million lei - as non-reimbursable funds from the Romanian state through a programme designed to support small and medium businesses, it said in a filing with the Bucharest Stock Exchange on Friday.
The company will co-finance the other half of the investment and the VAT from its own funds.
Founded in 1991, Bonas is a dairy product company which currently employs 75. Its products are manufactured in Dezmir, Cluj county. Based on a financial report filed to the Bucharest Stock Exchange, Bonas recorded a net profit of 170,000 lei in 2021, a decrease over 2020’s 452,000 lei. Its turnover saw an increase from 12.7 million lei in 2020, to 14 million lei in 2021.
Its shares traded flat at 1.2450 lei as of 1030 CET on Monday, bourse data showed.
( 1 euro=4.9286 lei)