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Alro Slatina Eyes RON56M Profit In 2016
Romanian aluminum smelter Alro Slatina (ALR.RO) targets sales revenues worth RON2.192 billion and a profit of RON56 million in 2016.
Raiffeisen Sees EUR28M Profit In Q1
Raiffeisen Bank International’s Romanian operations generated EUR28 million profit in the first quarter, an increase of 12% on the same quarter last year, after provision costs halved, the q...
2015, IT&C Integrator ETA2U’s Best Year Ever
Timisoara-based ETA2U, the largest IT&C solutions integrator outside Bucharest, posted growth of almost 40% in revenue to 153 million lei (EUR34 million) last year, while profit was up 80% t...
Interbrands: Partnerships With Philip Morris And Ace Drove Business Up
Last year was a very good year for fast-moving consumer goods distribution company Interbrands Marketing & Distribution, which posted growth across the broad, chief executive officer Rand Sh...
Olchim Posted Profit Of EUR1.3M In 1Q/2016
Romanian chemical plant Oltchim Ramnicu Valcea (OLT.RO) reported a gross profit of EUR1.3 million in the first quarter of 2016, compared with a loss of EUR846,000 in the year-earlier period.
InterContinental Bucuresti Expects RON4.4M Net Profit In 2016
Compania Hoteliera Intercontinental Bucuresti (RCHI.RO), the operator of Bucharest-based five-star Intercontinental Hotel, expects total revenue of RON48 million and a net profit of RON4.4 m...
Electroputere Craiova Expects Switch To Profit Of RON220,000 In 2016
Romanian power transformers producer Electroputere Craiova (EPT.RO) expects to switch to profit of RON220,000 in 2016, the first positive result since the year 2000, and also targets a 31.77...
Libra Bank 1Q Profit Up 85% To RON15.5M
Libra Bank reported a net profit of RON15.5 million (EUR3.5 million) in the first quarter of 2016, up 85% from RON8.3 million in the year-earlier period.
Leading Local Insurers’ Profits Up In 2015
The largest insurers in Romania posted higher annual profits in 2015, which means the overall loss of the market might drop this year, though a return to profit in 2016 is unlikely.