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Energy

Azomures 1H Net Profit More Than Doubles To RON163M

Romanian chemical fertilizer maker Azomures (AZO.RO) Tuesday said its net profit more than doubled on the year to 163.2 million lei (EUR38.2 million) in the first half, fueled by a 61% incre...

Florentina Dragu · 09.08.2011 · 18:22 · 1 min
Automotive

Compa Sibiu 1H Net Profit Skyrockets To RON12M

Romanian car parts manufacturer Compa Sibiu (CMP.RO) Tuesday said its net profit soared to 11.88 million lei (EUR2.8 million) in the first half, from RON0.54 million in the year-earlier peri...

Florentina Dragu · 09.08.2011 · 18:04 · 1 min
Banks-Insurance

Astra Asigurari 1H Revenue Down 3.7% To RON559M, Pre-Tax Profit Up 7-Fold

Romanian insurer Astra Asigurari underwrote premiums of 559 million lei (about EUR131 million) between January and June, down 3.7% compared to the same interval last year, but its first-half...

Ioana Tudor · 09.08.2011 · 14:27 · 1 min
Retail&Consumer

VES Sighisoara Switches To RON0.5M Loss In 1H

Romanian enameled cookware manufacturer VES Sighisoara (VESY.RO) Monday said it has switched to losses in the first half, versus profits a year earlier, as costs rose at a faster pace than r...

Florentina Dragu · 08.08.2011 · 17:31 · 1 min
Banks-Insurance

Intesa Sanpaolo Bank Romania 1H Assets Up 20% On Year

Intesa Sanpaolo Bank Romania Friday reported a 20% increase in its first half assets to 3.63 billion lei (EUR1=RON4.2447), from EUR3.02 billion in the year-earlier period.

Florentina Dragu · 05.08.2011 · 17:13 · 1 min
Retail&Consumer

Delhaize 1H Sales In SEE & Asia Rise 6.2% To EUR961M

Belgian food retailer Delhaize Friday reported first-half sales of EUR961 million in Romania, Greece and Indonesia, up 6.2% on the year.

Florentina Dragu · 05.08.2011 · 13:11 · 1 min
Banks-Insurance

Allianz’s 1H General Insurance Premiums In Romania Down 17.6%, To EUR98M

Gross general insurance premiums underwritten by Germany’s Allianz in Romania decreased by 17.6% in the first half of the year compared to the same interval in 2010, to EUR98 million, mainly...

Ioana Tudor · 05.08.2011 · 12:09 · 1 min
Groupama Sees Steeper Turnover Decline In H1
Banks-Insurance

Groupama Sees Steeper Turnover Decline In H1

Groupama, the fourth largest insurer, in the first six months underwrote gross premiums worth EUR84 million, down 12% from a year ago, on weak car policy sales.

Ciprian Botea · 05.08.2011 · 01:00 · 1 min
Companies

Egger Goes Beyond EUR100M Mark

Egger Romania, which owns a wood processing plant in Radauti (Suceava), in 2010 generated turnover of above EUR100 million, up from some EUR91 million last year. The company’s income remaine...

Cristina Roșca · 05.08.2011 · 00:00 · 1 min