PROFIT
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Five Out Of Ten BET Index Companies Made Higher Profit In 2016
Five companies - OMV Petrom (SNP.RO), Fondul Proprietatea (FP.RO), Transgaz (TGN.RO), BVB and BRD, of the ten included in Bucharest Stock Exchange’s (BVB.RO) reference index BET made higher...
IMPACT Operating Profit Soared 270% In 2016, To RON25.5M
Romanian real estate developer Impact Developer & Contractor SA (IMP.RO) on Wednesday said it registered an operating revenue of over RON152 million in 2016, up 30% on the year, and an opera...
BRD Groupe Société Générale Posted 63% Higher Profit In 2016, Of RON763M
Romanian second largest lender BRD-Groupe Societe Generale (BRD.RO) on Thursday reported a profit of RON763 million for 2016, up 63% on the year.
C&A Posts Profit In Romania, Losses In Spain And Portugal
Clothing retailer C&A doubled its net profit in the last two years in Romania; on the other hand, the company announced it would close 23 stores and lay off 300 employees in Spain, as well a...
Foreign-Held Companies In Romania Posted Profit Of Nearly EUR3B In 2015
Foreign-held companies in Romania registered a profit of EUR2.7 billion in 2015, with German and Dutch-held companies being the most profitable, according to a study by Creditinfo – a firm s...
Hidroelectrica Sees All-Time High Gross Profit In 2016
Hidroelectrica, the crown jewel of Romania’s energy system, posted record gross profit of 1.5 billion lei (EUR334 million) in 2016, the year it exited insolvency, according to preliminary da...
Coal And Power Producer CET Govora Switches To Profit
Romanian coal and power producer CET Govora, which went insolvent in May, switched to profit following the measures taken by judicial administrator Euro Insol, including the renegotiation of...
European Banking Authority: Romanian Banks, Among Most Profitable In Europe
The banks in Romania are among the most profitable lenders in Europe, after having cleaned up most of their non-performing loans, ranking third after banks in Bulgaria and Hungary.
More Than Two Thirds Of Romania’s Banking System In The Black In Jan-Sep
More than two thirds of the lenders in Romania posted profit in January-September, an improvement on the year-ago period, and on the end of 2015.