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SIF Transilvania Net Profit Nearly Triples In 1Q
Romanian regional investment fund SIF Transilvania (SIF3.RO) Friday reported a net profit of 67.8 million lei (EUR15.5 million) in the first quarter, almost three-fold higher on the year.
Romcarbon Plans 10% Buyback With RON6.6M Budget
Management at Romanian plastic tiles and profiles maker Romcarbon Buzau (ROCE.RO) Thursday announced a plan to buy back at most 10% of shares, in a bid to diminish the share capital, in an o...
Nuclearelectrica Profit Up 5 Times As Enel, CEZ, Electrica And E.ON Are Its Top Clients
Nuclearelectrica, the second-largest power producer in Romania after Hidroelectrica, with a market share of over 19%, posted five times higher net profit at the end of 2011 than in 2010. How...
Raiffeisen Asset Management 2011 Pretax Profit Slides To RON6.5M
Romania’s leading asset administrator Raiffeisen Asset Management Wednesday reported a pretax profit of 6.5 million lei (EUR1.5 million) in 2011, around 6% lower on the year.
Raiffeisen Banca pentru Locuinte 2011 Net Profit Halves As Costs Rise
Romanian housing bank Raiffeisen Banca pentru Locuinte (RBL), a unit of Austria’s Raiffeisen Bank, Wednesday said its net profit halved to 500,000 lei (roughly EUR114,300) in 2011, due to hi...
Aviva Asigurari De Viata’s Revenues Fell 18% In 2011, To RON73.3M
Romanian insurer Aviva Asigurari de Viata’s revenues from underwritten premiums dropped 18% in 2011 to 73.3 million lei (EUR16.7 million), due to the decrease registered on the bancassurance...
GSK Romania Sales Up 11% In 2011, To EUR151.8M
GSK Romania, the local branch of British drugmaker GlaxoSmithKline (GSK), posted sales of EUR151.8 million last year, up 11% from 2010, according to the Cegedim data cited by the company.
FAN Courier's Sales Up 17% To EUR51.5M In 2011
Romanian courier services provider FAN Courier posted turnover of EUR51.5 million in 2011, 17% higher than the EUR44 million in 2010.
Somaco Grup Reports 31% Rise In ’11 Sales, To EUR21M
Romanian construction materials maker Somaco Grup Prefabricate, owned by Swedish Oresa Ventures, on Wednesday reported a 31% year-on-year rise in sales for 2011, to EUR21 million.