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IKEA Romania Switches To Profit In 2014 On Higher Sales
Swedish retailer IKEA, which operates a single store in Romanian capital city Bucharest, switched to profit in 2014, for the first time since its direct entry on the local market in 2010. IK...
Dedeman Reaches 12% Profit Margin
Bacau-based do-it-yourself retail chain Dedeman, the largest Romanian-held company, overshot the 400 million (EUR90 million) mark in earnings for the first time, according to Trade Registry...
Top Five Fuel Businesses Posted 30% Profit Increase in 2014
The common denominator for the top players on an over 40 billion lei (EUR9 billion) fuel market with more than 2,000 gas stations was the rise in profits last year, since the sales trend did...
Modern Retail Expansion Ate 90% Of Selgros’ Profit During Crisis
The sales of the 19 cash&carry stores in the Selgros chain dropped to less than 3 billion lei (EUR672 million) last year for the first time during the crisis.
Romaqua Group Profit Up Eight-Fold In 2014
Romaqua Group, the largest Romanian beverage business, ended last year with 11.4 million lei (EUR2.6 million) net profit, eight times higher than in 2013, according to Trade Registry data.
E.ON Energie Romania Expects Revenue To Drop To 2013 Level
Integrated electricity and natural gas supplier E.ON Energie Romania, a unit of Germany’s E.ON, is bearish about 2015 and expects 9% lower operating revenue of 4.8 billion lei (a little more...
Alro Says It Needs 2 Years To Recover Losses Caused By Payment of Green Certificates
Romanian aluminum smelter Alro Slatina needs at least two years to recover the losses caused by the payment of green certificates after having paid nearly $170 million over the last three ye...
Raiffeisen Bank International 1Q After-Tax Profit In Romania Up 54% To EUR25M
Raiffeisen Bank International (RBI) posted an after tax profit of EUR25 million in Romania in the first three months, up 54% from EUR16 million in September-December 2014, the lender said in...
BCR Leasing Posts 1Q Profit Of RON6.3M
BCR Leasing posted a net profit of RON6.3 million in the first quarter, from RON700,000 in the same period last year, and sales rose 66%, company general manager Bogdan Speteanu said Monday.