PROFIT
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Mandatory Pension Funds Posted RON1.25B Profit In 2013, Up 59% On Year
The total profit of the eight mandatory private pension funds (Pillar II) in Romania reached RON1.25 billion in 2013, up 59% on the year, according to data released by fund administrators.
Terapia Ranbaxy's Net Profit Up Nearly 13% In 2013, To Over RON100M
Terapia Ranbaxy, the largest pharmaceutical producer in Romania, posted 109 million lei (EUR24.4 million) net profit last year, up nearly 13% from 2012, and a 20% profit margin. Revenue over...
Argus Sees Revenues Rising 34% This Year, To Nearly RON192M
Romanian vegetable oil producer Argus Constanta (UARG.RO) estimates revenues of RON191.7 million this year, up 34%, and a pre-tax profit of RON5.9 million.
Petrom Came Out Of Crisis With 5.5 Times Higher Profit And 9,300 Fewer Employees
OMV Petrom (SNP.RO), the largest company in Romania ended the five years of crisis, 2009-2013, with an all-time high profit of more than EUR1 billion. The profit was 5.5 times higher than in...
Five Most Profitable Banks Made RON1.5B Profit In 2013
Raiffeisen Bank retained the position of the most profitable bank on the Romanian market in 2013, posting 458 million lei (EUR103 million) net profit, followed by Banca Transilvania (TLV.RO)...
Cocor Expects RON0.5M Profit In 2014
Shopping center operator Cocor Bucuresti (COCR.RO) expects a net profit of RON512,000 this year, much lower than last year's net earnings of RON13.2 million, when it recovered from losing RO...
Most Profitable 30 Bucharest-listed Companies Total Almost EUR2B Profit In 2013
Most profitable 30 companies listed on the Bucharest Stock Exchange posted an aggregated net profit of 8.68 billion lei (EUR1.92 billion) last year, 19% higher than in 2012, according to pre...
Petrom’s Chief: Other Companies Can Make EUR1B Profit Too
OMV Petrom’s chief Mariana Gheorghe says the employees were the drivers behind the company’s record EUR1 billion profit in 2013 and sees no reason other Romanian businesses cannot report sim...
Petrom Should Be Worth EUR10B Based On Its 2013 Record Profit
The record 2013 net profit Romania’s largest company OMV Petrom (SNP) announced on Wednesday, 4.82 billion lei (EUR1.09 billion), should drive its value to more than EUR10 billion if conside...