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TMK Artrom Slatina Sees Five-fold Profit Increase In 2014
Romania’s TMK-Artrom Slatina (ART.RO), controlled by Russian steel pipe maker TMK, estimates its net profit will rise over five-fold on the year to 64.5 million lei (EUR14.4 million) in 2014...
Banca Transilvania Sees 16% Higher Pretax Profit In 2014
Romanian lender Banca Transilvania (TLV.RO) estimates its pretax profit will rise 16% to 512 million lei (EUR114.7 million) in 2014, helped by a 7% increase in operating income and a slowdow...
SIF Transilvania Expects Lower Profit In 2014
Romania’s regional investment fund SIF Transilvania (SIF3.RO) estimates its net profit will fall to 50.8 million lei (EUR11.1 million) in 2014, from RON189.6 million a year earlier, on lower...
Rompetrol Well Services Expects 2014 Profit To Fall On Higher Costs
Rompetrol Well Services (PTR.RO), a unit of Romania’s second biggest oil group Rompetrol, expects its net profit will fall to 12.6 million lei (EUR2.82 million) this year, its weakest result...
OMV Petrom Expects 18.6% Lower Profit In 2014
Romanian dominant oil company OMV Petrom (SNP.RO) expects its net profit will fall 18.6% to 3.93 billion lei (EUR878 million) in 2014, hurt by lower sales, the company said in its revenue an...
Generali Romania Expects 7% Lower Underwritten Premiums In 2014, To RON409M
Insurer Generali Romania Monday said it expects underwritten premiums of 409 million lei (EUR91.3 million) in 2014, down 7% from RON438.7 million in 2013.
Safety Broker Expects To Broker EUR65M Worth Of Premiums In 2014, Up 20% On Year
Insurance brokerage firm Safety Broker de Asigurare targets a 20% increase in the volume of brokered premiums in 2014, to EUR65 million.
Allianz-Tiriac 2014 Underwritings Seen At RON950M, Up 2.5% YoY
Romanian insurer Allianz-Tiriac Asigurari, part of German group Allianz, estimates its underwritten premiums will exceed 950 million lei (EUR211.1 million) this year, up 2.5% from RON926.5 m...
BRD Expects Return To Profit In 2014 After Two Years Of Losses
Romania’s second-largest bank BRD-Groupe Societe Generale (BRD.RO) expects it will return to profit in 2014 after two consecutive years of losses, helped by a “normalization” of risk costs.