Capital Market
Prefab Net Profit Halves in 2019, to RON1.1M
Construction materials manufacturer Prefab Bucuresti (PREH.RO) said Friday its net profit halved in 2019 to RON1.1 million and its turnover dropped 13.7%, to RON65.3 million on lower sales.
Rompetrol Rafinare Posts Net Loss of $49M in 2019
Rompetrol Rafinare (RRC.RO), part of KMG International, posted a net consolidated loss of $48.97 million in 2019, 77% deeper compared with a loss of $27.6 million in 2018, its said in its pr...
Electrica Net Profit Drops 10% in 2019, to RON206M
Romanian state-owned energy utility group Electrica (EL.RO) on Friday reported consolidated revenues of RON6.2 billion for 2019, up 11% on the year, while its net profit dropped 10%, to RON2...
FP Values Hidroelectrica at RON24.4B
Romanian state-owned hydropower producer Hidroelectrica is assessed by minority shareholder Fondul Proprietatea (FP.RO) at RON24.4 billion, gaining RON3.7 billion in value in just one month...
THR Marea Neagra, Held By SIF Transilvania, Switches To RON806,900 Profit In 2019
Romanian company THR Marea Neagra (EFO.RO), which manages several accommodation units in seaside resorts of Eforie Nord, Eforie Sud, Venus, Saturn and Neptun, on Thursday said it switched to...
Uztel Ploiesti 2019 Net Profit Down 31% To RON543,180, Turnover Up 7.3% To RON63.5M
Romanian oilfield equipment manufacturer Uztel Ploiesti (UZT.RO), on Thursday said it registered a net profit of RON543,180 in 2019, down 30.7% on the year, and a turnover of RON63.5 million...
Regal Galati, Held By SIF Moldova, Ends 2019 With RON597,920 Net Profit, More Than Fivefold Lower YoY
Regal (REGL.RO), a firm which manages several restaurants in Galati, ended 2019 with a net profit of RON597,920, more than fivefold lower than the net result reported in 2018, but more than...
Norway Sovereign Fund Sells Stakes in Romanian Energy Companies, Buys into Sphera Group
Norway's Sovereign Wealth Fund, with assets of $1.1 trillion, liquidated its stakes in Romania's Nuclearelectrica, Romgaz and the Bucharest Stock Exchange operator and bought into Sphera Gro...
Antibiotice Iasi Net Profit Declines 10% in 2019, to RON30.8M
State-owned Antibiotice Iasi (ATB.RO), one of the leading local pharmaceutical manufacturers, said Thursday its net profit declined 10% in 2019, to RON30.8 million, while sales revenue grew...