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LOSS

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Carpatica Asig’s Loss Rose More Than Fourfold In 2013, To RON30.3M
Banks-Insurance

Carpatica Asig’s Loss Rose More Than Fourfold In 2013, To RON30.3M

Romanian insurer Carpatica Asig Sibiu on Monday said its loss widened more than 330% to 30.3 million lei (EUR6.8 million) on the in 2013, facing three consecutive years of losses, according...

Ecaterina Craciun · 16.06.2014 · 16:21 · 1 min
Oltchim Posts Highest 2013 Loss In Romania
Companies

Oltchim Posts Highest 2013 Loss In Romania

The highest loss posted by a company in Romania last year stood at EUR220 million and was reported by Oltchim. Financial institutions posted five of the ten highest losses in 2013.

Loredana Frățilă-Cristescu · 16.06.2014 · 00:00 · 2 min
Labormed Posts 61% Higher Sales, 84% Lower Loss In 2013, 1st Year Under Alvogen’s Control
Health

Labormed Posts 61% Higher Sales, 84% Lower Loss In 2013, 1st Year Under Alvogen’s Control

Sales of Romanian generic drug producer Labormed Pharma surged nearly 61% to 141.8 million lei (EUR32 million) and its loss narrowed by 84% to RON18 million in 2013, the first year under the...

Ecaterina Craciun · 11.06.2014 · 16:52 · 1 min
AXA Life Insurance Romania Loss Widens 4.9% In 2013, To RON46M
Banks-Insurance

AXA Life Insurance Romania Loss Widens 4.9% In 2013, To RON46M

AXA Life Insurance Romania, part of French group AXA, posted a RON45.99 million loss in 2013, 4.9% higher than in 2012, marking its fourth consecutive year of losses, which amounted to RON15...

Oana Gavrila · 27.05.2014 · 16:09 · 1 min
Banks-Insurance

Insurer CARE Romania Amassed Losses Of RON24.7M In 2010-2013

Compania de Asigurari-Reasigurari Exim Romania (CARE Romania), held by Eximbank Romania, ended 2013 with losses of RON7.86 million, 18% higher than in 2012, and marked its fourth consecutive...

Oana Gavrila · 26.05.2014 · 12:12 · 1 min
Banks-Insurance

Omniasig VIG 2013 Loss Narrows 4.9% To RON217M

Omniasig Vienna Insurance Group’s losses narrowed 4.9% on the year in 2013 to RON217.04 million, while its turnover fell 14.2% to RON881.1 million, the company said.

Gabriela Stan · 23.05.2014 · 17:59 · 1 min
Gothaer Asigurari 2013 Loss Widens Fourfold On Year To RON33.9M
Banks-Insurance

Gothaer Asigurari 2013 Loss Widens Fourfold On Year To RON33.9M

Insurance company Gothaer Asigurari registered loss of 33.9 million lei (EUR7.63 million) in 2013, fourfold higher from RON8.3 million in 2012, and 17% below early-year estimates, according...

Ecaterina Craciun · 14.05.2014 · 14:43 · 1 min
Austria’s Agrana Posts RON101.2M Loss In Romania In 2013
Retail&Consumer

Austria’s Agrana Posts RON101.2M Loss In Romania In 2013

Austrian group Agrana registered loss of 101.2 million lei (nearly EUR23 million) in Romania in 2013, versus profit of RON1.9 million a year before.

Ecaterina Craciun · 16.04.2014 · 20:03 · 1 min
Asirom Switched To RON235.5M Loss In 2013, Underwritings Dropped 8.8%
Banks-Insurance

Asirom Switched To RON235.5M Loss In 2013, Underwritings Dropped 8.8%

Romanian insurer Asirom posted a RON235.5 million loss in 2013, from a net profit of RON14.9 million in 2012, and underwritings dropped 8.8%, to RON544.1 million, according to the insurer's...

Oana Gavrila · 14.04.2014 · 15:44 · 2 min