Capital Market
Mechel Targoviste Sees Narrower Loss This Year, At RON116M
Romanian steel processor Mechel Targoviste (COS.RO) expects a net loss of 116 million lei (EUR26.5 million) this year, 13% lower than RON133 million in 2011.
Alro Sees 2012 Net Profit Down 5% To $71.3 million
Romanian aluminum smelter Alro Slatina (ALR.RO), a unit of Dutch-registered metals group Vimetco, forecasts a net profit of $71.3 million in 2012, down 5% on the year, on lower sales.
OMV Petrom To Pay RON1.7B As Dividends
Shareholders of Romanian dominant oil company OMV Petrom (SNP.RO) Friday approved paying out a gross dividend of 0.031 lei (EUR0.007) a share from the 2011 profit, 75% higher on the year.
SIF Oltenia Pays Dividend Of RON0.13, Up 73% On Year
Shareholders of Romanian regional investment fund SIF Oltenia (SIF5.RO) Friday approved the payment of a gross dividend of 0.13 lei (EUR0.03) a share, up 73% on the year.
Bucharest Stocks Close Down, On Low Traded Values
The government fall had no significant impact on the stocks listed in Bucharest, as the market closed slightly down on the day, after a session dominated by trades with Fondul Proprietatea (...
Leu Ends 0.4% Lower As Government Collapses
Romania’s leu closed a touch below 4.395 per euro at the end of a nervous session Friday during which it fell to an all-time low of 4.4 per euro shortly after the government was toppled in a...
Romania Plans To Sell RON3.8B Treasuries In May
Romania’s Finance Ministry plans to sell state paper worth 3.8 billion lei (EUR865.6 million) in May, down from RON4.9 billion sold a month earlier, ministry data showed Friday.
Albalact Sales Rose 29% In 2011 To RON338.2M, Net Profit Up Ten Times
Romanian dairy maker Albalact (ALBZ.RO) on Friday reported a 29% increase in last year sales, which lifted its net profit to RON5.76 million, ten times higher than in 2010.
Leu Falls To Record Low Vs Euro Following Government Collapse
Romania’s leu fell to its weakest level ever, of 4.401 per euro, after the a no-confidence vote in parliament toppled the center-right government less than three months from endorsement.