LOSSES
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Furniture Maker Elvila Switches to Losses in 2021
Furniture producer Elvila, listed on the Bucharest Stock Exchange and controlled by businessman Viorel Catarama, shifted to losses in 2021.
Romania’s Tourism Lost 4 Million Tourists in 2021 against 2019
Romania’s tourism in January-November 2021 lost around 4 million tourists compared with the same months of 2019.
Tarom Ends 2021 with 170% Higher Revenues and RON400M Losses Against 2020
Romanian National Air Transport Company Tarom last year generated revenues worth RON958 million, up almost 170% against 2020, in line with the adjusted revenues and expenditures budgeted pub...
CFR Calatori 2020 Revenues Down 14% YOY to RON1.8B
Romania’s state-owned passenger railway carrier CFR Calatori reached revenues worth RON1.8 billion in 2020, down 14% year-on-year, while losses more than doubled against 2019, to RON354 mill...
Bucharest’s 10 Biggest Shopping Malls Raked in RON214M Losses in 2020
The ten companies managing Bucharest’s largest shopping centres, occupying a total area of above 740,000 square metres, ended 2020 with overall losses of RON214 million.
Broadhurst-controlled Electroaparataj Went into the Red in 1H 2021
Electroaparataj Targoviste, a maker of electrical equipment and electrotechnical accessories, ended the first half of 2021 with net losses of RON415,425, compared with net profit worth RON71...
Railway Freight Carrier CFR Marfa Deeper into the Red in 2020
State-owned railway freight carrier CFR Marfa posted RON335 million loss in 2020, its 13th year in the red in a row, during which it accumulated more than RON3 billion losses, publicly avail...
Alro Group Ends 1H/2021 with RON47M Losses, Against RON253M Profit in 1H/2020
Alro Slatina group, one of Europe’s biggest vertically integrated aluminum producers, posted losses of RON47.5 million in the first six months of 2021, compared with profit worth RON253.6 mi...
Sugar Producer Agrana Hit RON760M in Revenues in 2020, Up 27%, But Went into the Red
Agrana Romania, the biggest player on the Romanian sugar market, ended 2020 with turnover worth RON760 million, 27% higher than in 2019, in line with Finance Ministry data.