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Modern Retail Chains Operated At Less Than 3% Profit Margin In 2016
The ten modern retail networks ended last year with 48.6 billion lei (EUR10.6 billion) sales and less than RON1.4 billion profit, which means the profit margin stood at only 2.9%.
Hidroelectrica Reports 26% Growth in Gross Profit in January-May
Romania’s state-owned hydropower producer Hidroelectrica registered a gross profit of RON743.7 million in January-May, RON 154.6 million, or 26% higher than in the same period last year, the...
Ericsson Revenue Up 11% To EUR162M In Romania In 2016
Swedish-held Ericsson, one of the leading world providers of equipment and services to telecom operators, posted growth of 10.6% in revenue in Romania to 728.5 million lei (EUR162.2 million)...
DIY Retailer Dedeman Made More Than EUR500M Profit In Last Five Years
Do-it-yourself retailer Dedeman, the largest entrepreneurial business in Romania, ended last year with more than EUR160 million net profit, up 27% on the previous year, according to the Fina...
Iulius Mall Timisoara Doubled Profit To RON24M In 2016
Iulius Mall Timisoara shopping center of businessman Iulian Dascalu doubled profit to 23.8 million lei (EUR5.3 million) in 2016, according to the Finance Ministry website.
Banking System Sees Record Q1 Profit
Romania’s banking system posted record first quarter profit of more than 1.2 billion lei (EUR263 million), assets are at a decade high, while solvency reached a record level, and loan-to-dep...
Terapia Cluj Net Profit Up 45% To RON143M In 2016
Pharmaceutical manufacturer Terapia based in Cluj, part of India’s Sun Pharma group, posted almost 143 million lei (EUR31 million) net profit last year, an increase of 45% on 2015, according...
Aerostar 1Q Profit Falls Nearly 34% To RON11M
Romanian aircraft construction and repair firm Aerostar Bacau (ARS.RO) on Friday reported a 33.7% decline in profit, to RON11 million, and a 7.8% decrease in turnover, to RON74.8 million, on...
Baneasa Shopping City Operator Baneasa Developments Profit Margin At Over 30% In 2016
Baneasa Developments, the company that operates Baneasa Shopping City in northern Bucharest, posted 6% increase in revenue to 221 million lei (EUR49.1 million) last year.