Reporter
Liviu Popescu
- Fields
- Companies, Banks-Insurance, Capital Market
- Writing for ZF since
- 2021
- Articles
- 278
Petrom 1Q/2023 Sales Down 20% To RON9.5B, Profit Drops 15% To RON1.48B
OMV Petrom, Romania’s largest oil company, ended the first three months of 2023 with RON9.5 billion sales, vs RON12 billion in the year-ago period, while net profit slipped by 15% to RON1.48...
TeraPlast Reports RON147M Turnover in 1Q/2023, from RON171M in 1Q/2022, Switches to RON2.6M Losses
Building materials group TeraPlast in 1Q/2023 registered RON147 million turnover, compared with RON171 million in the first quarter of 2022 and switches to RON2.6 million losses from a RON6....
Petrom Starts Petrobrazi General Revision Works
OMV Petrom, Romania’s largest oil company, has started general revision works at Petrobrazi, which will be carried out during six weeks and for which the company will earmark RON400 million.
ING Group Wants to Grow Further in Romania
Steven van Rijswijk, ING Group CEO, says Romania is a good market, its economy has weathered previous and current crises well, and the Dutch group’s desire is to grow further on its banking...
Britain’s Cineworld Abandons Plans to Sell Cinemacity in Romania
The British operator of cinema chain Cineworld announced it gave up the planned sale of its Eastern European activities, stating the received bids did not reach the necessary value for its c...
Turbomecanica Ends 2022 with RON138M Revenues, RON9.5M Net Profit
Turbomecanica (TBM.RO), the only local manufacturer of gas turbine engines and mechanical assemblies for aircraft, in 2022 posted RON138 million revenues, up from RON131 million in the previ...
Packaging Maker Promateris Reports RON172M Turnover, RON4.5M Net Profit for 2022
Promateris reached RON172 million turnover in 2022, down 8% on the year. The company’s net profit stood at RON4.5 million, 75% lower than in 2021.
Hidroelectrica Ends 2022 with RON9.1B Revenues, RON4B Profit
Hidroelectrica, Romania’s largest energy producer, ended 2022 with RON9.1 billion revenues, up 40%, and RON4 billion net profit, 32.7% higher, in line with the report of its minority stakeho...
Q4/2022, Best Quarter Ever for Sphera Franchise Group
Sphera Franchise Group, the operator of the KFC, Pizza Hut and Taco Bell brands in Romania, ended Q4/2022 with RON370 million sales, up 36% from the year-earlier period, while net profit hit...
Nuclearelectrica 2022 Revenues Double To RON6.5B, Net Profit Soars 163% To RON2.7B YOY
Nuclearelectrica (SNN.RO), Romania’s only nuclear power producer, for 2022 reported RON6.5 billion revenues, double the 2021 level, and RON2.7 billion net profit, up 163%.
One United Properties Buys 5-Ha Land Plot in Bucharest for New Mixed-Use Development
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use and commercial real estate in Bucharest, Romania, has acquired a 44,863-sqm land plot loc...
Petrom Reports Record Net Profit Of RON10.2B For 2022
Amid soaring prices, especially at filling stations, OMV Petrom, the biggest company listed on the Bucharest Stock Exchange, boasted record high financial results in 2022.