The financial results of the four divisions for 2008 confirmed the market’s statute of maturity, as it was preceded by a constant three-year growth.
Procter & Gamble Marketing, division that manages the US-based FMCG producer’s operations in Romania and seven other countries in the region recorded last year a turnover of 449.6 million lei (122 million euros) and a net profit of 68.4 million lei (18.5 million euros), according to own statements.
Procter & Gamble Distribution, the retail division of fast moving consumer goods maker P&G in Romania posted a turnover of 1.16 billion lei (315.4 million euros), up 5% from a year earlier. The distribution division booked gross profit of 20.2 million lei (5.5 million euros) last year, roughly double from a prior year.
Detergenti S.A, the detergents and bleaches division located in Timisoara posted turnover of 42 million lei (11.4 million euros) and net profit of 2 million lei (565,356 euros).
Procter & Gamble Materials Management, raw material supplier for Detergenti S.A recorded a turnover of 307.7 million lei (83.5 million euros) and 3.27 million lei (888,177 euros) loss.
“The year 2008 was highly engaging for Procter & Gamble Romania. Over the past few years, P&G recorded an organic growth in Romanian market, on the back of our consumer-oriented development strategy and our innovative, diversified, well-known and highly appreciated product range in Romania”, said the company.
P&G started in February this year the construction works of a shampoo and hair care products production facility in Urlati (Prahova). The first stage of the project will create 150 jobs and required a 50-mln dollar investment, P&G aiming at turning the Urlati-based facility in a key-location in the Balkans.
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