Capital Market
Bucharest Stocks Close Down; Petrom Weighs In
The Bucharest stock exchange closed down Tuesday, a day after a 4% decline, with OMV Petrom (SNP.RO) losing more than 5% in the ex-dividend date.
Alro's Net Profit Falls 60% To RON49M In 1Q
Romanian Alro Slatina (ALR.RO), the largest aluminum smelter in southeast Europe, Tuesday said its net profit fell 58.9% on the year to 49.36 million lei (EUR11.3 million) in the first quart...
Leu Ends Slightly Higher Vs Euro, Unlike Neighbors
Romania’s leu traded near 4.44 per euro in late session Tuesday and closed slightly stronger on the day, with dealers suspecting the central bank has stepped in to support the national curre...
Prodplast Swings To 1Q Profit Vs Year-Ago Loss
Romanian plastics producer Prodplast (PPL.RO) Tuesday said it has swung to a net profit of 1.1 million lei (EUR0.25 million) in the first quarter versus losses a year earlier, helped by a 37...
SIF Moldova 1Q Net Profit More Than Doubles To RON26M
Romanian regional investment fund SIF Moldova (SIF2.RO) Tuesday said its net profit more than doubled to 25.9 million lei (EUR5.8 million) in the first quarter, from RON10.4 million in the y...
Transilvania Constructii Switches To Loss In 1Q On Costs Increase
Romanian construction company Transilvania Constructii Cluj-Napoca (COTR.RO) Tuesday reported a loss of about 870,000 lei (EUR196,000) in the first quarter of the year, versus a net profit o...
Carbochim 1Q Revenue Down 15% To RON7.2M
Romanian abrasives maker Carbochim Cluj-Napoca (CBC.RO) on Tuesday reported a 15% drop in its first-quarter revenue to 7.2 million lei (EUR1.6 million) and its net profit fell from RON803,00...
Leu In Free Fall: Exchange Rate Hits New Low Of 4.4411 Vs Euro
Romanian leu’s exchange rate fell for the third straight day to a fresh all-time low of 4.4411 against the euro, despite suspected interventions from the central bank to support the national...
Fondul Proprietatea Turns To Loss In 1Q As Revenue Falls 60%
Romanian investment fund Fondul Proprietatea (FP.RO) saw its revenue fall to 13.4 million lei (EUR3 million) in the first quarter, from RON33.3 million in the same period a year ago, and tur...