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Lenders in Romania See Profit Rise 15% in Q1
The net profit of Romania’s banking system reached about RON1.89 billion at the end of the first quarter of 2021, 15% higher than in the year-ago period, while assets rose to a peak of RON57...
Lego Romania Sees 2020 Profit Up 19% to RON3.1M
Denmark’s Lego posted RON117 million sales in Romania in 2020, 13% higher than in 2019, as well as RON3.1 million profit, Finance Ministry data show.
Cora Sales Shrink 5.5% to RON1.6B in 2020
Retail chain Cora ended last year with RON1.6 billion sales, 5.5% lower than in 2019, ZF has calculated from publicly available data. The decline came amid the pandemic but as ZF found, Cora...
Duvenbeck Logistik Sees Seven-Fold Rise in Profit in Romania in 2020
Duvenbeck Logistik, one of the largest transport and logistics companies in Romania, ended 2020 with RON326.1 million (EUR67.6 million) revenue, 19% lower than in 2019, when it posted about...
Vegetable Oil Producer Prutul Galati Triples Profit in 2020
Prutul, one of the largest producers of vegetable oil in Romania, based in Galati, made almost RON16 million net profit in 2020, three times higher than in 2019, financial analysis platform...
Biscuit Maker Croco Onesti Posts 10% Rise in Profit to RON38.7M in 2020
Biscuit manufacturer Croco based in Onesti, Bacau County, one of the largest such manufacturers in Romania, posted more than RON38.7 million (EUR8 million) net profit in 2020, an increase of...
NN Pensii Posts RON44.9M Profit in 2020, from RON40M Loss in 2019
NN Pensii, the largest private pension fund manager on the mandatory segment in Romania (Pillar II), reported a net profit of RON44.9 million in 2020, compared with a loss of nearly RON40 mi...
Amazon Development Center Revenue Rises 40% to RON443M in 2020
Amazon Development Center, part of US-held Amazon, the largest online retailer in the world, with offices in Bucharest, Iasi and Timisoara, ended 2020 with more than RON443 million (some EUR...
Winemaker Cotnari Sales Flat at RON143M in 2020, Profit Shrinks
Romania’s third largest winemaker Cotnari posted almost RON143 million revenue in 2020, about the same as in 2019 but the net profit shrank 20% to RON3.5 million, financial analysis platform...