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Energy

Transgaz Eyes Lower Profit In 2015 On ANRE's Revenue Adjustment

Romanian natural gas transmission company Transgaz (TGN.RO) expects a lower profit in 2015 compared with a year before, on its revenues being adjusted by energy regulator ANRE in order to tr...

Manuela Panescu · 21.08.2015 · 16:00 · 2 min
Iulius Malls In Timisoara And Cluj Most Profitable In Iulius Network In 2014
Real Estate

Iulius Malls In Timisoara And Cluj Most Profitable In Iulius Network In 2014

The five malls businessman Iulian Dascalu owns in Romania generated about 250 million lei (EUR56 million) revenue last year. The most profitable of them were the Iulius Malls in Timisoara an...

Loredana Frățilă-Cristescu · 18.08.2015 · 08:59 · 1 min
Romania’s Banking System Posts RON1.2B Profit In H1
Banks-Insurance

Romania’s Banking System Posts RON1.2B Profit In H1

Romania’s banking system, which numbers 40 lenders, posted almost 1.2 billion lei (EUR271 million) profit in the first half. Solvency remained high and the non-performing loan ratio went dow...

Loredana Frățilă-Cristescu · 18.08.2015 · 08:54 · 1 min
Ropharma Posts 25% Increase In 2Q Net Profit
Companies

Ropharma Posts 25% Increase In 2Q Net Profit

Romanian pharmaceutical company Ropharma (RPH.RO) posted a 25% rise in its second-quarter net profit, at 1.5 million lei, fueled by the growth of operating income.

Manuela Panescu · 17.08.2015 · 15:00 · 1 min
Teraplast Saw Twofold Higher Profit In 2Q, Despite Raw Materials Price Hike
Companies

Teraplast Saw Twofold Higher Profit In 2Q, Despite Raw Materials Price Hike

Romanian plastic systems maker Teraplast Bistrita (TRP.RO) saw its sales 18% higher in the second quarter of 2015, while the profit was twofold higher, despite an increase in the raw materia...

Manuela Panescu · 14.08.2015 · 17:00 · 1 min
Transelectrica Sees Net Profit Fall 7% In First Half
Energy

Transelectrica Sees Net Profit Fall 7% In First Half

Romanian power grid operator Transelectrica (TEL.RO) reported a net profit of 210.4 million lei (EUR47.4 million) for the first half, 7% lower on the year, despite increase in operating reve...

Bogdan Neagu · 14.08.2015 · 15:26 · 1 min
Nuclearelectrica Has Currency Risk Weigh In On Its First-half Profit
Energy

Nuclearelectrica Has Currency Risk Weigh In On Its First-half Profit

Romania’s nuclear power producer Nuclearelectrica (SNN.RO) Friday posted a large decline in its first-half net profit as higher financial costs more than offset an increase of its operating...

Bogdan Neagu · 14.08.2015 · 13:57 · 1 min
Alro Switches To Profit in First Half On 25% Higher Sales
Energy

Alro Switches To Profit in First Half On 25% Higher Sales

Romanian aluminum smelter company Alro (ALR.RO) Friday reported a net profit of 67.8 million lei (EUR15.3 million) for the first half of the year, versus a loss of RON128.7 million in the sa...

Bogdan Neagu · 14.08.2015 · 13:05 · 1 min
Banks-Insurance

No Change Among The Top Three Banks In H1

The three largest banks in Romania posted decline in interest income in the first half and the ranking by assets remained unchanged even after the completion of the deal between Banca Transi...

Loredana Frățilă-Cristescu · 14.08.2015 · 12:45 · 2 min