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Private Pension Funds’ Net Profit Up 41% To RON462.8M In 1H/2013
The net profit of Romanian mandatory (Pillar II) and voluntary (Pillar III) private pension funds reached 462.8 million lei (EUR104.2 million) in the first half of 2013, up 41% on the year,...
ELCEN Gross Profit Up Over 8 Times On Year To RON250M In January-September
Romanian state-run electricity and thermal power producer Electrocentrale Bucuresti (ELCEN) registered gross profit of 250.4 million lei (EUR56.7 million) in the first nine months of 2013, 8...
SIF Transilvania 9-Month Revenues Up 20% Fueled By Share Sale
Romanian regional investment fund SIF Transilvania (SIF3.RO) registered 20% higher revenues in the first nine months of 2013, of 342.09 million lei (EUR77.6 million), and the increase was fu...
Popa, Transavia: Company Reached Maturity, May Expand Further Through Acquisitions
Transavia, the largest poultry meat producer in Romania, reached full development and may further expand only through acquisitions or investments started from scratch, Ioan Popa, owner and g...
DPD Romania 9-Month Sales Rise 24% To RON34.8M
Parcel delivery service company DPD Romania, a unit of French La Poste, Wednesday reported a 24% increase in its sales to 34.8 million lei (EUR7.84 million) in the first nine months, fueled...
Oltchim Turnover Doubles On Year To EUR11.4M In September
Romanian chemical plant Oltchim doubled turnover to EUR11.43 million in September 2013, from EUR5.6 million in the similar interval a year ago, the company’s court-appointed administrators s...
Romanian Banks Swing To RON1.5B Aggregate Profit In Jan-August
The Romanian banks reported an aggregate net profit of 1.5 billion lei (EUR337 million) in the first eight months of 2013, versus losses a year-earlier, helped by lower risk costs and fewer...
Hidroelectrica Posts Pretax Profit Of RON681M In January-September
Romania’s largest power producer Hidroelectrica Wednesday reported a pretax profit of 681 million lei (EUR153 million) in the first nine months of 2013, on total sales of RON2.28 billion.
SIF Transilvania 9-Month Profit Rises To RON213.6M
Romanian regional investment funds SIF Transilvania (SIF3.RO) Tuesday said its net profit rose 9% to 213.6 million lei (EUR48.4 million) in the first nine months, mainly fueled from sales of...