Capital Market
Leu Opens Flat Vs Euro, Unfazed By 2011 GDP Data
Romania’s leu traded slightly above 4.345 per euro against the euro Wednesday morning, amid low volumes.
Proprietatea Fund Manager Proposes Higher 2011 Dividend
Romanian Fondul Proprietatea (FP.RO) manager Franklin Templeton Wednesday proposed paying the fund’s shareholders a gross dividend of 0.038 lei (EUR0.0087) a share from the 2011 profit, 21%...
Transelectrica 2011 Profit Rises Tenfold Despite 4Q Loss
Romanian state-run power grid operator Transelectrica (TEL.RO) posted losses in the fourth quarter but finished 2011 with a 90.27 million lei (EUR21.3 million) net profit, tenfold higher on...
Prefab 2011 Net Profit Falls To RON0.92M
Romanian building materials maker Prefab (PREH.RO) Tuesday said its net profit dropped over threefold to 0.92 million lei (EUR0.21 million) in 2011, from RON3.3 million a year earlier.
Proprietatea Fund’s Board Of Nominees Has New Chairman
Romanian investment fund Fondul Proprietatea (FP.RO) has appointed Sorin Mihai Mindrutescu as the new chairman of the Board of Nominees, the fund said in a statement Tuesday.
Orsova Shipyard Sales Fall To RON55.8M In 2011
Romanian shipyard Santierul Naval Orsova (SNO.RO) Tuesday reported total sales of 55.8 million lei (EUR13 million) in 2011, down 19% from RON69.3 million a year earlier.
SIF Muntenia 2011 Revenues Up 20% To RON197M
Romanian regional investment fund SIF Muntenia (SIF4.RO) Tuesday reported total revenue of 196.9 million lei (EUR46.4 million) in 2011, up 20% from RON164 million a year earlier.
Electroarges 2011Net Profit Slips To RON7.26M
Romanian home appliance manufacturer Electroarges Curtea de Arges (ELGS.RO) Tuesday said its net profit slid 4.1% to 7.26 million lei (EUR1.67 million) in 2011, on higher costs.
TMK-Artrom Swings To RON67.5M Profit In 2011
Romania’s TMK-Artrom Slatina (ART.RO), controlled by Russian steel pipe maker TMK, swung to a net profit of 67.5 million lei (EUR16 million) in 2011, from a loss of roughly RON11 million a y...