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Profit Of Banking System Exceeds RON1B In 1H
The banking sector ended the first six months of this year in the black, with the overall net profit amounting to 1.15 billion lei, according to data from central bank BNR. This comes after...
Romgaz Net Profit Up 38% On Year To RON771M In 1H
Romanian state-run natural gas producer Romgaz registered net profit of 771.4 million (EUR173.8 million) in the first half of 2013, up 38% on the year, while its turnover continued to fall d...
Romtelecom 2Q Revenues Down 4.9% On Year, To EUR148.7M
Romanian telecom operator Romtelecom reported a 4.9% decline in revenues on the year to EUR148.7 million in the second quarter of 2013, while its EBITDA (earnings before interest, tax, depre...
Cosmote Romania 2Q Revenues Fall Slightly To EUR111.4M; EBITDA Margin Climbs To 27%
Cosmote Romania, the third largest telecom operator on the local market, registered a slight decrease in revenues in the second quarter of 2013 to EUR111.4 million due to a 40% termination r...
ING Asigurari de Viata Underwrote Premiums Of RON274M In 1H, Up 1.7% On Year
Romanian insurer ING Asigurari de Viata underwrote premiums of 274.2 million lei (EUR61.8 million) in the first half of 2013, up 1.7% on the year, while its gross profit fell 17.8% to RON5.6...
TMK Artrom Reports RON1.9M Profit In 1H/2013
Romania’s TMK-Artrom Slatina (ART.RO), controlled by Russian steel pipe maker TMK, registered profit of 1.9 million lei (EUR430,000) in the first half of 2013, way below RON33.9 million repo...
SIF Moldova To Sell Erste Shares In Order To Pay Dividends And Get Money For New Investments
Regional investment fund SIF Moldova (SIF2.RO) plans to “gradually” sell some of its shares in Erste Bank (EBS), the fund’s most valuable holding, with 21.4% of SIF2’s assets.
Conpet 1H Net Profit Up 25.7% On Year To RON25.7M
Romanian oil transport company Conpet Ploiesti (COTE.RO) said Friday it registered net profit of 25.76 million lei (EUR5.8 million) in the first half of 2013, up 25.7% from RON20.49 million...
Agricover Credit Granted Loans Worth RON253M In 1H
Romanian Agricover Credit IFN, part of agribusiness group Agricover, said Tuesday it granted loans worth 253.2 million lei (EUR57.6 million) in the first half of 2013, up 87% on the year.