After the braking of the 2018, the largest groups in the country have seen an increase in profits thanks to the benefits of economies of scale, market fragmentation and diversification of activities.
Balfin and Kastrati, as reported by the Albanian business magazine Monitor, are the two groups with the greatest gains in the country. And those already prepared, according to what is declared, to expand their activity in the Balkan region.
But let's see the protagonists of this ranking together.
The group, founded in 2003 by Samir Mane, and currently composed of 8 companies differently located in the sectors of commerce, banking, real estate, entertainment and mining, has totaled a 2018 profit before taxes in the 5 , 5 billion lek (almost 45 million, ed). If the largest gross revenues come from the chrome mining and real estate sectors, the most profitable businesses are retail-related. The QTU and TEG shopping centers in Tirana, although copied from many others, run through a retail model that in Albania still has no valid competitor.
Samir Mane, the President of the group, has already announced new real estate investments in Macedonia and the extension of the sales network under the Jumbo brand (toy chain) also in Kosovo, Bosnia and Montenegro.
In his opinion, currently the sector with the greatest potential is tourism. The challenge is open to the creation of a supply chain of hospitality, starting with the hospitality structures, which fully respects the best international standards.
Although it is the largest group in terms of turnover, it is the second in terms of profits, since the oil trade, which is the main activity, has a low profitability (much is gained but also the costs are high).
The companies that make up the group, in addition to dealing with the wholesale and retail trade in oil, also deal with the insurance branch and, currently, with a share of 50% of the total, of motorway concessions on the Albanian road network.
Figures in hand, the 2018 ended with a total profit of 2,9 billion lek (about 23 million and a half euros).
Unlike Balfin, which withdrew from the building market in Tirana because it was considered inflated, the Kastrati group is building the residential complex Turdiu, along with AK Construction, and is now the sole shareholder of the skyscraper project DownTown Albania
The four companies of the Infosoft-Joti group, which belong to the investor Grigor Joti (with activities in the field of trade, IT and wholesale distribution), recorded profits for 2018 billion lek in 1,6 (about 13 million of euros), compared to total pre-tax revenues of 20 billion leks, around 163 million.
The two main companies of the group, which deal with the production and distribution of foodstuffs, in particular soft drinks and beverages, and personal hygiene items, have generated a pre-tax turnover of 25,2 billion lek (about 205 million of euros) and a net profit of 1,3 billion lek (about 10 million).
5. Finman Group
Finman is the largest construction group in the country. According to the 2018 balance sheet, the turnover was around 110 million.
The largest investments of the group were on the project of the 'National Arena' (the new stadium in Tirana) and on that of full-scale restoration of the railway line from 34 km Fier-Valona, which also includes an extension of other 2,5 km of rolling stock for the Fier refinery and the crude oil loading station.
6. Union Financiar Group
Union Financiar Grup is one of the most profitable financial groups in the Albanian capital. The three main companies of the group operate in the financial and banking sector.
The declared purpose of the group is to implement the greatest variety of payment methods on the UnionNet network, dedicated to fast monetary transfers. It is no coincidence that the group also has the management of the Western Union system.
The overall profit for the 2018 was 1 billion lek, just over 8 million.