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Losses of Mandatory Private Pension Managers Deepen
Six of the nine mandatory private pension fund managers (2nd pillar) posted cumulated losses of 48.7 million lei (EUR11.6 million), 64% higher than in 2009.
Iproeb Posts RON1.6M Profit In 1Q, Up 13% On The Year
Cable maker Iproeb Bistrita (IPRU.RO) on Thursday reported a 13% increase in its first quarter profit, to 1.6 million lei (EUR378,000), from RON1.4 million in the same interval the year befo...
IAR Ghimbav Posts 38% Drop In 1Q Profit, To RON3.2M
Helicopter maintenance firm IAR Ghimbav (IARV.RO) posted a net profit of 3.2 million lei (EUR771,000) in the first quarter, down 38% from RON5.2 million in the same interval last year, accor...
Aerostar 1Q Net Profit Almost Flat YY At RON2.7M
Plane maker Aerostar Bacau (ARS.RO) Thursday reported a net profit of 2.73 million lei (EUR665,000) in the first quarter, similar to RON2.71 million in the same interval of the previous year...
ING Asigurari De Viata 1Q Premiums Down 1.7%, To RON133.5M
Romanian insurer ING Asigurari de Viata's underwritten premiums decreased by 1.7% in the first three months of the year, to 133.5 million lei (EUR32.5 million) and its gross profit dropped 2...
Cable Operator UPC Romania Lost 16,700 Clients In 1Q, To 1.14M
Cable television operator UPC Romania's client base dropped by 16,700 in the first quarter, to around 1.14 million, but the number of subscriptions decreased by only 11,500, as the company g...
Oltchim's Net Loss Narrows To RON2.64M In First Quarter
Romania’s state-run chemical producer Oltchim Ramnicu Valcea (OLT.RO) on Thursday said its loss narrowed substantially in the first quarter, as sales more than tripled on the year.
Radu Enache: Basket of loss-offsetting reserves will become empty at a certain moment
Radu Enache, owner of Continental, one of the biggest Romanian hotel chains, which operates 1,890 rooms, said that reserves of several million euros he made from share capital and from other...
Romvag Sales Dive To RON50M In 2010
Romanian rolling stock maker Romvag Caracal (ROMJ.RO) posted sales of 49.8 million lei (EUR11.8 million) in 2010, compared to RON276.1 million in 2009, according to financial results publish...