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Boromir Prod 2011 Sales Rise 17% To RON149M
Retail&Consumer

Boromir Prod 2011 Sales Rise 17% To RON149M

Romanian milling and bakery company Boromir Prod Buzau (SPCU.RO) Friday said its sales rose 17% to 148.7 million lei (EUR35.1 million) in 2011, from RON127 million a year earlier.

Florentina Dragu · 24.02.2012 · 21:51 · 1 min
MOL Reports 4% Rise In Romania Volumes For 2011
Energy

MOL Reports 4% Rise In Romania Volumes For 2011

Hungarian oil group MOL on Friday reported a 4% increase in volumes sold in Romania in 2011, to 451,000 tons from 433,000 tons, while its market share rose by approximately one percentage po...

Andrei Cîrchelan · 24.02.2012 · 17:19 · 1 min
How Come Petrom’s Profit Margins Are Higher Than ExxonMobil And BP’s?
Energy

How Come Petrom’s Profit Margins Are Higher Than ExxonMobil And BP’s?

Petrom, the largest company in Romania, left the market in awe on Wednesday when it announced EUR887 million in net profit against EUR5.3 billion revenue. With these financial indicators, Pe...

Radu Bostan · 24.02.2012 · 00:00 · 3 min
Romgaz Net Profit Rises To RON762M In 2011
Energy

Romgaz Net Profit Rises To RON762M In 2011

Romanian natural gas producer Romgaz Medias Thursday said its net profit rose 17% to approximately 762 million lei (roughly EUR180 million) in 2011, on higher sales.

Florentina Dragu · 23.02.2012 · 17:04 · 1 min
Hidroelectrica Profit Slumps To RON15.7M In 2011, Hit By Drought
Energy

Hidroelectrica Profit Slumps To RON15.7M In 2011, Hit By Drought

Romanian state-run hydropower generator Hidroelectrica Thursday said its net profit dropped to 15.7 million lei (EUR3.6 million) in 2011, from over RON292 million a year earlier, hit by dry...

Florentina Dragu · 23.02.2012 · 15:48 · 1 min
Cosmote Romania’s Revenues Flat In 2011, EBITDA Rises 36% To EUR100.1M
Technology &Telecoms

Cosmote Romania’s Revenues Flat In 2011, EBITDA Rises 36% To EUR100.1M

Revenues of mobile telephony operator Cosmote Romania, part of Greek telecom group OTE, stagnated at EUR468 million in 2011, but its earnings before interest, taxes, depreciation, and amorti...

Ecaterina Craciun · 23.02.2012 · 13:19 · 1 min
Romtelecom’s Revenues Fell 8.6% In 2011 To EUR655.1M
Technology &Telecoms

Romtelecom’s Revenues Fell 8.6% In 2011 To EUR655.1M

Romanian telecom operator Romtelecom’ revenues dropped 8.6% last year to EUR655.1 million, and its earnings before interest, tax, depreciation and amortization (EBITDA) fell 23% to EUR119.1...

Ioana Tudor · 23.02.2012 · 12:51 · 1 min
Technology &Telecoms

Cable Operator UPC Romania Revenues Down 2.7% In 2011, To $143.5M

Cable operator UPC Romania reported a 2.7% decrease in revenues in 2011, to $143.5 million, and saw a significant decrease in its turnover slowdown rate, along with a 3.6% increase in the nu...

Ecaterina Craciun · 23.02.2012 · 10:48 · 1 min
UNSAR Members' Underwritten Premiums Fell 6% In 2011 To RON6.5B
Banks-Insurance

UNSAR Members' Underwritten Premiums Fell 6% In 2011 To RON6.5B

Premiums underwritten by insurers that make up the National Union of Insurance and Reinsurance Companies in Romania (UNSAR) fell 6% last year to 6.5 billion lei (EUR1.5 billion) due to a 9%...

Ioana Tudor · 22.02.2012 · 14:01 · 1 min