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Proprietatea Fund 1H Net Profit Rises 5.6% To RON574M
Romanian investment fund Fondul Proprietatea (FP.RO) Friday said its net profit rose 5.6% on the year to 573.85 million lei (EUR130.9 million) in the first half, fueled by higher revenue fro...
Cement Producers See Profit Margins Down, Business Slightly Up
The three large cement producers on the Romanian market remained profitable last year, but profit margins were down. Whereas they would exceed 30% in previous years, in 2011 they shrank to n...
Only A Handful Of Insurers Still Making Profit
Large insurers have fully felt the impact on the crisis over the last few years and many of them posted two-digit decline of revenue and lost market share to smaller players or to those that...
Each Employee Of OMV Petrom Gas Brought Over EUR700,000 In Profit In 2011
Each employee of OMV Petrom Gas, Alpiq RomEnergie and British Tobacco brought their companies net profit ranging between EUR250,000 and EUR722,000 in 2011, these being the most profitable em...
Alico Asigurari 2011 Net Profit Up 7.4% To RON74M, Highest On Local Market
Insurer Alico Asigurari Romania posted a net profit of 74 million lei (EUR16.6 million) last year, 7.4% higher compared to 2010, the highest profit posted on the local insurance market, comp...
Proprietatea Fund Swings To RON607M Net Profit In May
Romanian investment fund Fondul Proprietatea (FP.RO) Friday said it has swung to a net profit fell of 607 million lei (EUR136 million) in May, versus a loss of RON3.6 million a month earlier...
ING Bank Romania 1Q Pretax Profit Up 36% To RON65M
ING Bank Romania posted a pretax profit of 65 million lei (EUR14.6 million) in the first quarter, up 36% on the year, fueled by a 20% increase in assets, the bank said Friday.
Orange Keeps Profit Margin Above 20%
Orange, the largest company on the Romanian communications market, preserved its net profit margin at more than 20% of its revenue last year, which is close to the level in 2010, according t...
RBS: We Are Among The Most Profitable, But Giving Up Retail Will Make Us Stronger
RBS Romania, a subsidiary of the British banking group RBS, ended 2011 with a net profit of over 100 million lei (around EUR22.4 million), down 30% on the year, but remained one of the most...