PROFIT
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Pambac Bacau Posts Highest Profit In Past Four Years, Targets Exports
Alin Giurea, chairman and shareholder of milling and bakery company Pambac Bacau wants 5% of his company revenue to come from sales abroad, considering consumer spending on the domestic mark...
How Come Petrom’s Profit Margins Are Higher Than ExxonMobil And BP’s?
Petrom, the largest company in Romania, left the market in awe on Wednesday when it announced EUR887 million in net profit against EUR5.3 billion revenue. With these financial indicators, Pe...
Petrom Expected To Announce Record Profit. Shares Gained 30% Since Start Of The Year
The largest company in Romania is expected to report a net profit ranging between EUR830 to EUR900 million on Wednesday, the largest ever made in the Eastern European country.
Biofarm Emerges As Most Profitable Pharma Company On Bucharest Bourse
Biofarm (BIO.RO) was the most profitable pharmaceuticals company on the Bucharest stock exchange last year. Despite a two-percentage point drop in net profit margin to 15.5%, the drugmaker s...
Two Thirds Of Listed Companies Posted Turnover Growth In 2011
The cumulated turnover of the 71 companies listed in Bucharest that have so far reported preliminary results for 2011 rose by 17.6% on the year in 2011 and their cumulated net profit climbed...
George Copos Sees His Companies’ Profit Rising In 2012
Businessman George Copos, who owns several hotels on the Romanian market, engine plant Ana Imep, as well as other businesses in bakery and real estate, said he started 2012 more relaxed than...
Fondul Proprietatea Net Profit Rises To RON543.8M In 2011
Romanian investment fund Fondul Proprietatea (FP.RO) Friday said its net profit rose 19.2% to 543.82 million lei (EUR125.5 million) in 2011, from RON456.18 million a year earlier.
Mandatory Private Pension Funds’ Profit Fell 72% In 2011 To RON108.4M
Romanian mandatory private pension funds (Pillar II) posted a cumulated profit of 108.4 million lei (EUR24.9 million) in 2011, down 72% on the year, due to the reduction of the weighted aver...
Romanian State Companies To Transfer 85% Of Profit To State Budget
The Romanian Government approved a memorandum whereby state companies will transfer 85% of their profit to the state budget, Finance Minister Gheorghe Ialomitianu said Tuesday evening.