LOSS
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Daewoo-Mangalia Shipyard Posted Record-High Loss In 2014, At RON700M
Daewoo Mangalia Heavy Industries, or DMHI, the largest ship builder in Romania, posted a record high loss of 700 million lei (EUR157.6 million) in 2014, seven-fold higher from a year before,...
Petrotel-Lukoil Cuts Losses To RON308M In 2014
Petrotel refinery in Ploiesti, owned by Russia’s Lukoil group, ended last year with 308 million lei (EUR69 million) losses.
ArcelorMittal Galati Posted Almost EUR1B Losses In 2009-2014
Steel plant ArcelorMittal Galati posted 3.59 billion lei (EUR805 million) revenue last year, 3.2% lower than in 2013 and RON480 million loss. The plant’s business was hurt by the drop in ste...
CEZ’s Biggest Romanian Bet Posts RON1B Loss In 2014
The three companies whereby Czech-held CEZ operates the giant wind farm complex Fantanele-Cogealac posted almost one billion lei (EUR226 million) losses last year, according to the data the...
Asirom Eyed Profit In 2014, But Ended With RON29.4M Loss Due To RCA And Agricultural Insurance
Romanian insurer Asirom targeted a profit of RON13.3 million in 2014, but the year ended with loss of RON29.4 million, down 87.5% from 2013, due to loss on the segments of mandatory car insu...
Tarom Fails To Significantly Curb Loss In 2014
Romanian state-run airline Tarom ended 2014 with a loss of 119 million lei (EUR27 million), just 8% lower than in 2013, and expects to register a negative result in 2015 as well, at RON8 mil...
Eurobank Widens Loss In Romania To EUR46.3M In 2014
Greek lender Eurobank, majority shareholder of Romanian lender Bancpost, posted a loss of EUR46.3 million in Romania in 2014, from a loss of EUR40.2 million in 2013, because it made provisos...
Oltchim 2014 Loss Narrows 46% To RON509.4M
Romanian insolvent chemical company Oltchim SA (OLT.RO) narrowed its loss by 46% in 2014, to 509.4 million lei (EUR114.6 million), from RON946 million in 2013, on the backdrop of using 24.3%...
BNR Official: Romania’s Banking System Posts Loss Of EUR1B In 2014 And EUR1.6B In Six Years
Banks in Romania registered a cumulated loss of RON8 billion during four of the last six years, as well as profit of RON0.9 billion and a net loss of RON7.1 billion during a two-year period,...