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Energy

Retrasib 9-Month Profit Slumps 73% On Year

Romanian power transformers manufacturer Retrasib Sibiu (RTRA.RO) Friday said its net profit dropped 73% to 0.97 million lei (EUR0.22 million) in the first nine months, as expenses declined...

Florentina Dragu · 28.10.2011 · 12:37 · 1 min
Automotive

Socep Constanta 9-Month Net Profit Soars 12-fold

Romanian maritime port operator Socep Constanta (SOCP.RO) Friday said its net profit rose 12-fold on the year to 7.2 million lei (EUR1.66 million) in the first nine months, on higher sales.

Florentina Dragu · 28.10.2011 · 12:06 · 1 min
Erste Switches To 9-Mo Loss After Goodwill Write-downs, CDS Portfolio Cut
Banks-Insurance

Erste Switches To 9-Mo Loss After Goodwill Write-downs, CDS Portfolio Cut

Austria's Erste Group Bank AG (EBS.RO) Friday said it has switched to a net loss of EUR973 million in the first nine months, due to goodwill write-downs in Hungary and Romania, additional ri...

Florentina Dragu · 28.10.2011 · 10:01 · 2 min
BCR Net Profit Falls Sevenfold In January-September
Banks-Insurance

BCR Net Profit Falls Sevenfold In January-September

Romanian leading bank group Banca Comerciala Romana (BCR) Friday said its net profit dropped sevenfold on the year to 67.6 million lei (EUR15.6 million) in the first nine months, hurt by ris...

Florentina Dragu · 28.10.2011 · 09:17 · 2 min
Automotive

Romaero January-September Revenue Falls 10% To RON65M

Romanian aircraft repairs and maintenance company Romaero Bucuresti (RORX.RO) Thursday said its revenues fell 10% to 64.8 million lei (EUR15.4 million) in the first nine months, from RON72.3...

Florentina Dragu · 28.10.2011 · 05:28 · 1 min
Capital Market

SIF Moldova 9-Month Revenue Down 8.2% On Year

Romanian regional investment fund SIF Moldova (SIF2.RO) Thursday reported total revenue of 134.5 million lei (EUR31 million) in the first nine months, down 8.2% on the year.

Florentina Dragu · 27.10.2011 · 18:14 · 1 min
CFR SA Halves Nine-Month Loss To RON262.48M
Companies

CFR SA Halves Nine-Month Loss To RON262.48M

Railway administrator CFR SA reduced its nine-month loss by 55.05%, to 262.48 million lei, from RON583.92 million, according to a news release issued Thursday.

Andrei Cîrchelan · 27.10.2011 · 11:29 · 1 min
Orange Romania 3Q Revenues Down 2% On Year, To EUR246M
Technology &Telecoms

Orange Romania 3Q Revenues Down 2% On Year, To EUR246M

Telecom operator Orange Romania’s revenues dropped 2% in the third quarter îcompared with the third quarter of 2010, from EUR246 million to EUR241 million, and the number of clients declined...

Oana Gavrila · 27.10.2011 · 10:55 · 1 min
Banca Transilvania Reports 53% YY Rise In Jan-Sep Net Profit, To RON106.9M
Banks-Insurance

Banca Transilvania Reports 53% YY Rise In Jan-Sep Net Profit, To RON106.9M

Lender Banca Transilvania (TLV.RO) on Thursday reported a net profit of 106.9 million lei (EUR25.4 million) for the first nine months of the year, up 53% from RON69.7 million in the same int...

Andrei Cîrchelan · 27.10.2011 · 10:43 · 1 min