Capital Market
Antibiotice Vetoes Capital Hike, Pays Dividend Instead
Romanian state-run drugmaker Antibiotice Iasi (ATB.RO) Friday rejected a proposal to increase its share capital by 17.2 million lei (EUR3.93 million), authorizing instead a dividend payout f...
Leu Recoups Vs Euro, Exchange Rate At 4.3747
Romania’s leu recovered earlier losses against the euro by midday Friday and the central bank’s reference strengthened slightly to 4.3747 units, from 4.3757 units a day earlier.
Altur Slatina Sees Four-Fold Rise In 2012 Pretax Profit
Romanian car parts maker Altur Slatina (ALT.RO) estimates a pretax profit of 2 million lei (EUR0.46 million) in 2012, fourfold higher on the year, according to the company’s revenue and expe...
Transelectrica Pays RON1.1/Share Dividend In 2012
Romanian state-run power grid operator Transelectrica (TEL.RO) approved paying out a gross dividend of 1.1 lei (EUR0.251) a share from the 2011 net profit, well above RON0.116 paid last year...
SIF Banat-Crisana OKs RON0.1/Share Dividend For 2011
Romanian investment fund SIF Banat-Crisana (SIF1.RO) approved paying out a gross dividend of 0.1 lei (EUR0.0228) a share from the 2011 profit, just below the RON0.103 a share dividend in the...
Turbomecanica 1Q Loss Widens To RON3M
Romanian turbojet parts maker Turbomecanica Bucuresti (TBM.RO) Friday said its loss widened 43% to 3 million lei (EUR0.69 million) in the first quarter, from RON2.1 million in the year-earli...
Bucharest Bourse Opens Flat, Confidence Vote Results Expected
The Bucharest-listed shares were flat in early trade Friday, as the market is eyeing the results of a confidence vote in Parliament.
Leu Falls Vs Euro As Government Faces Confidence Vote
The Romanian leu weakened against the euro in early trade Friday, on increased volumes, and dealers believe some players bet on a no-confidence vote against the Ungureanu Cabinet.
Agrana Romania Sees 2012 Profit Plunging 13-Times, To RON6.5M
Sugar maker Agrana Romania (BETA.RO) estimates its net profit will plunge to RON6.5 million (EUR1.4 million) this year, 13 times lower on the year, and its turnover is seen falling 10% to RO...