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Orange Remains Top Profit Maker in IT&Communications Industry in 2019
Orange, the leader of the local telecommunications market, was the top profit maker in the entire IT and communications industry of Romania in 2019, posting 384 million lei profit, double as...
Top Ten Lenders in Romania Make RON2.67B Profit in H1
The top ten lenders in Romania by assets posted 2.67 billion lei net profit together in the first half, lower than in the first half of 2019, and accounting for 95.3% of the profit of the en...
Romania’s Banking System Posts RON2.8B Net Profit in H1
Romania’s banking system posted about 2.8 billion lei net profit in the first half and assets rose to a new peak, RON518.5 billion, following an average increase by 6% in lending, Romania’s...
Biofarm Posts RON30M Net Profit in H1
Pharmaceutical company Biofarm Bucuresti (BIO.RO) posted 29.8 million lei net profit in the first half, 6% higher than in the year-ago period, while revenue stood at RON106 million, up from...
Romania's Central Bank Posts RON1.8B Profit in 2019, Up 52% on Year
Romania's central bank had a profit of nearly RON1.8 billion in 2019, 52% higher compared with 2018, mainly due to higher total revenues, the bank said in its annual report released Friday.
Penny Market Posts 53% Growth in Net Profit in Romania in 2019
German-owned discount retail chain Penny Market reported a turnover of RON3.96 billion for 2019, up 15% on the year, while its net profit grew 53%, to RON55.15 million.
Romania’s Banking System Net Profit Reaches RON1.6B, Assets Up to Over RON500B in Q1
Romanian banking system’s net profit reached some RON1.6 billion at the end of the first quarter and assets increased to a peak of RON518.4 billion, while lending increased by 7.1% on averag...
Macromex Profit Down 37% To RON9.1M in 2019
Macromex, a food distribution business held by Romanian Dan Minulescu, ended 2019 with RON9.1 million (some EUR2 million) net profit, about 37% lower than in 2018, Finance Ministry data show...
Paver Maker Elis Pavaje Sees EUR2M Net Profit In 2019
Paver manufacturer Elis Pavaje in Alba ended 2019 with more than RON9.5 million (more than EUR2 milion) net profit, 79% higher than in 2018, ZF has calculated from Finance Ministry data.