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Ionel factory halved its profits

Chisinau-based factory Ionel cut its profit by more than 60% to 0.39 million lei.
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Ionel factory halved its profits

According to the company’s data, in 2024, its sales volume decreased by 23.2% – from 57 million lei to 43.7 million lei. The cost of sales decreased by 26.4%, from 387 million lei to 28.5 million lei.

Distribution expenses last year amounted to 4.06 million lei (-3.1%), while administrative expenses amounted to 13.5 million lei (-16.7%).

Total assets of AO Ionel amounted to 108 million lei, decreasing by 2.4% over the year.

At the end of 2024, the company’s authorized capital amounted to 38.6 million lei, unchanged over the year: 9.6 million shares with a value of 4 lei per unit.

The controlling stake (77.64%) in Ionel JSC is held by Ocalibrex Ltd, while the remaining shares are owned by other 10.9 thousand owners.

Factory Ionel is a large manufacturer of men’s, women’s and children’s clothing. The company was established in 1945 and was originally engaged in sewing cotton tularekas.

Now the company produces men’s, women’s and children’s clothing, overalls, bed linens, etc. About 70% of production is exported. The company promotes 3 own brands (GiovanniPrimo, BellaPrima, Ionel), and also produces products for famous world brands on a tolling basis.


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