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eMAG.ro 2011 Sales Rose 42% To EUR145M, Below Forecast
Romanian online store eMAG.ro Wednesday said its sales rose 42% on the year to EUR145 million in 2011, but the result was below forecasts of EUR150 million.
BCR Net Profit Down 85% On Year To RON71M In 2011
Banca Comerciala Romana (BCR), the Romanian arm of Erste Group Bank (EBS.RO), Wednesday said its net profit fell 85% in 2011 to 70.9 million lei (EUR16.3 million), impacted by low income gen...
Romanian Insurance Market Down 4.3% In 2011, To RON7.95B
Romania’s insurance market reached 7.95 billion lei (EUR1.8 billion) in 2011, down 4.3% on the year, on the backdrop of a 6.5% decrease in revenues from general insurance policies, to RON6.2...
CEZ Romania 2011 Revenue Slides 5% To EUR383M
CEZ Romania, a unit of Czech power group CEZ AS, posted a 5% decline in sales to CZK9.5 billion (EUR383 million) in 2011, hit by lower revenue from distribution services and provisioning aga...
Fleet Management Services Targets 20% Rise In Turnover To EUR3.6M In 2012
Fleet Management Services (FMS), controlled by investment fund Gemisa Investments, targets a 20% increase in turnover this year, to EUR3.6 million, compared with last year's turnover of EUR3...
GTS Telecom Romania 2011 Revenues Flat On Year At EUR23.5M
Telecom operator GTS Telecom Romania registered revenues of EUR23.5 million last year, similar to 2010 result, and its earnings before interest, taxes, depreciation, and amortization (EBITDA...
Allianz-Tiriac's Underwritten Premiums Down 12% In 2011, To RON906.3M
Romanian insurer Allianz-Tiriac Asigurari’s revenues from underwritten general and life insurance premiums stood at 906.3 million lei (EUR208.2 million) in 2011, down 12% on the year, and it...
State-Owned Energy Companies Post Record-High Results
The largest 15 companies controlled by the Economy Ministry posted 23 billion lei (EUR5.3 billion) in revenue last year, up 15% on 2010. The highest increases were those of the energy comple...
COMCM Constanta Sales Slide 2% To RON29.3M In 2011
Romanian building materials producer COMCM Constanta (CMCM.RO) Friday reported a 2% decline in its sales to 29.3 million lei (EUR6.9 million) in 2011, from roughly RON30 million a year earli...