LOSS
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Romanian Alro Slatina Revises 2015 Result to RON24M Net Loss
Romanian aluminum smelter Alro Slatina (ALR.RO) has revised its 2015 earnings to a net loss of RON24 million from a previously reported net profit of RON9.6 million, citing a change in green...
Romania's Rompetrol Well Services Posts RON2.15M Loss in 2015
Rompetrol Well Services (PTR.RO), a unit of KMG International, the second largest oil group in Romania, on Monday said it registered a net loss of RON2.15 million in 2015, compared with a pr...
Cheap Oil Could Drive OMV Petrom Into The Red For First Time Since Privatization
OMV Petrom (SNP.RO), Romania’s only oil and natural gas producer, could end 2015 in the red, as the oil price slump caused it two successive impairments of exploration and production asset v...
Romanians’ Migration Cost Romania’s Economy EUR1B In 2014
Almost 185,000 Romanians left Romania in 2014 (according to the latest data available) and UK became the second most important destination for emigration after Italy.
Romania’s Labor Market Lost More Than 400,000 Jobs In 2008-2014
The biggest industries in Romania by NACE code employed almost 1.9 million people last year or 50% of the total number of people working in the 87 sectors analyzed by ZF.
Romanian State-Owned Airline Tarom Expects RON49M Loss This Year, Mulls Staff Cut
Romanian state-owned airline Tarom expects a loss of RON49 million this year, from a loss of RON110 million in 2014, and plans to cut staff, the company said in a statement Tuesday.
Difficult International Steel Market Drives ArcelorMittal Galati Back Into The Red
ArcelorMittal Galati steel plant slipped back into the red in the fourth quarter after having posted positive EBITDA in the first three quarters. The reason for the losses is the million of...
Dorna Lactate Posts Sales Growth, Stays In The Red
Dorna Lactate, the largest business French-held Lactalis group has in Romania, posted 2% growth in sales to 91.7 million lei (EUR20.6 million) in the first half on the year-ago period, as we...
Oltchim Posts RON16M Loss From Current Operations In January-September 2015
Romanian state-run chemical plant Oltchim on Thursday said it registered an overall loss from current operations of RON15.76 million (EUR3.55 million) in January-September 2015, ten times lo...