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Brick Maker Cemacon Plans To Switch To RON2.5M Profit In 2011
Romanian brick maker Cemacon Zalau (CEON.RO) expects sales to reach 58 million lei (EUR14.26 million) and a switch to a net profit of RON2.5 million, according to the company’s budget publis...
Drugmaker Antibiotice To Borrow EUR6.5M From RBS Bank
Shareholders of Romanian medicine maker Antibiotice (ATB.RO) on Thursday approved the contracting of a EUR6.5 million loan from RBS Bank and the capitalization of 9 million lei (EUR2.21 mill...
Socep Sees 2011 Profit Down 10% On Higher Investments
Romanian harbor operator Socep Constanta (SOCP.RO) expects a pretax profit of 5.2 million lei (EUR1.28 million) this year, down 10% from RON5.8 million in 2010, after it has tripled its inve...
Azomures Plans To Invest EUR43.5M In 2011
Romanian chemical company Azomures (AZO.RO) Thursday approved an investment program worth EUR43.5 million for 2011, which is estimated to reduce the net profit by some 80% on the year.
Oil Pipe Maker Condmag Eyes 5% Rise In 2011 Revenue, To RON210M
Romanian oil and gas pipe maker Condmag Brasov (COMI.RO) expects revenue of 210 million lei (EUR51.63 million) this year, up 5% from RON200.4 million in 2010, the company said Thursday in a...
SIF Banat-Crisana Holders Vote For Higher Dividend Proposal
Shareholders of regional investment fund SIF Banat-Crisana (SIF1.RO) Thursday agreed a proposal for a gross dividend of 0.103 lei (EUR0.025) a share, higher than the initial proposal of the...
Hotel Firm Turism Felix Sees 2011 Pretax Profit Halved At RON3M
Romanian hotel company Turism Felix (TUFE.RO) Thursday said it expects a pretax profit of 3 million lei (some EUR730,000) this year, half the result posted in 2010, since tourist numbers sho...
Development Ministry Wants Extra RON30M For Infrastructure
The Romanian Regional Development and Tourism Ministry will be allotted extra 30 million lei (EUR1=RON4.0858) needed for consultancy services for the National Infrastructure Development Prog...
Oltchim Expects Swing To RON2.1M Profit In ‘11
Romanian state-owned chemical company Oltchim Ramnicu-Valcea (OLT.RO) on Friday said it expects a switch to a profit of 2.1 million lei (EUR1=RON4.0966) this year, after four years of loss,...