Capital Market
Electroputere Craiova Shuts Down Production After 70 Years of Activity
Romanian power transformers producer Electroputere Craiova will be shutting down production in December after 70 years of activity, as the company has losses of millions of euros and only ha...
Largest Companies on Bucharest Stock Exchange See Revenue Up 13% in Jan-Sept
First tier companies on the Bucharest Stock Exchange ended the first nine months of 2019 with 47 billion lei (EUR10 billion) revenue, up 12.7% on the year-ago period, while the total net pro...
SIF Oltenia Approves Share Buyback Program To Reduce Share Capital
Shareholders of Romanian regional investment fund SIF Oltenia (SIF5.RO) on Monday approved a program for the repurchase of 38 million own shares, with a face value of RON0.1 per share, repre...
Artego Targu-Jiu Profit Grows 38% in Jan-Sept, to RON7.6M
Romanian conveyor belt maker Artego Targu-Jiu (ARTE.RO) said Monday its net profit grew 38% on the year in the first nine months of 2019, to RON7.6 million, while its turnover grew 6.8%, to...
Purcari Wineries 9-Month Revenue Up 22% To RON138, Net Profit Up 15% To RON29M
Winemaker Purcari Wineries on Friday said it ended the first nine months of 2019 with revenue of RON138.6 million, up 22% on the year, and a net profit of RON29.4 million, up 15% on the year...
Cemacon Cluj Turnover Up 15% To RON100.5M, Net Profit Up 16% To RON26M In Jan-Sept
Romanian brick maker Cemacon (CEON.RO), held by the Paval brothers, the owners of DIY retailer Dedeman, on Friday said it registered a turnover of RON100.5 million in January-September 2019,...
Transelectrica Net Profit Plunges 25% YoY To RON74M In Jan-Sept 2019
Romanian state-owned power grid operator Transelectrica (TEL.RO) on Friday said it ended the first nine months of 2019 with revenue of RON1.78 billion, down 3% on the year, and a net profit...
Electrica Net Profit Halves To RON161M In Jan-Sept 2019
Electrica Group on Friday said it ended the first nine months of 2019 with an operating income of RON4.7 billion, up 14.5% on the year, and a consolidated net profit of RON161 million, compa...
Antibiotice Iasi Posts RON242M Sales, RON21.5M Net Profit In Jan-Sept 2019
Romanian state-owned pharmaceutical producer Antibiotice Iasi (ATB.RO) on Friday said it ended the first nine months of 2019 with sales revenue of RON242 million, comparable with the result...