LOSS
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Tarom Estimates RON41.2M Loss in 2017, Plans to Invest RON267.7M
Romanian state-owned airline Tarom estimates it will end the year 2017 with a gross loss of RON41.2 million, but plans to make investments of RON267.7 million, accounting to its budget plan.
Major Grain Traders In The Red For Years
Two of the top three grain traders in Romania, ADM Trading and Cargill, both of them US-held, see revenue of billions of lei on the Romanian market but have been constantly posting losses.
ArcelorMittal Galati Stays In The Red For Eighth Year In A Row
ArcelorMittal Galati, the largest steel mill in the country, ended last year with about 3.5 billion lei (EUR786 million) revenue, down almost 8% on 2015 and RON271 million losses, only 9% lo...
Lukoil Romania Switches To RON16M Loss; Turnover Falls Nearly 2%, To RON5.4B, In 2016
Lukoil Romania, one of the leading players on the local oil market, switched to loss in 2016, posting a negative result of RON16.2 million (EUR3.6 million), according to Finance Ministry dat...
UPC Turnover Up 8% To EUR129M; Net Loss Up 20.4% To EUR62M In 2016
Cable TV and telecom operator UPC Romania, member of Liberty Global, on Wednesday said it registered a turnover of RON579.1 million (EUR128.9 million) in 2016, up 8% on the year, according t...
Auchan Posts Loss EUR5.3M Loss in 2016
French retail group Auchan, with a network of 33 hypermarkets in Romania, switched back to loss last year with a net loss of EUR5.3 million (RON23.9 million), Trade Registry data showed.
Electromagnetica Posts Loss Of Over RON6M In 1Q/2017
Romanian electric and electronic equipment maker Electromagnetica Bucuresti (ELMA.RO) registered a loss of RON6.81 million in January-March 2017, from a positive result of RON1.52 million in...
Patria Bank Posts RON9.7M Loss In 1Q/2017
Patria Bank, formerly known as Banca Comerciala Carpatica, on Monday said it registered a loss of RON9.7 million in January-March 2017, compared with a loss of RON8.9 million in the year-ear...
Intesa Sanpaolo Bank Back Into The Black In 2016
Intesa Sanpaolo Bank, the local subsidiary of the Italian group by the same name, has been focusing on corporate and SME area since last year and its vice-president Florin Sandor says the bu...