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OMV Petrom Sales Drop 17% in 1Q on Sharp Oil Price Decline
Romania's largest company OMV Petrom (SNP.RO), majority owned by Austria's OMV, on Wednesday reported a 17% year-on-year slump in consolidated sales for the first quarter, mainly due to the...
BCR Posts RON315M Net Profit in 1Q
Romania's largest bank BCR, a unit of Austria’s Erste Group Bank (EBS.RO), reported a net profit of 315.1 million lei (EUR70.2 million), due to an improved loan portfolio, the bank said in a...
Banca Transilvania Posts 51% Growth in Net Profit in 1Q
Romanian lender Banca Transilvania (TLV.RO) posted a 51% annual growth in net profit in the first quarter of 2016, to RON229 million, the bank said in a statement Thursday.
Albalact Posts 8.9% Revenue Growth In 2015
Romanian dairy manufacturer Albalact (ALBZ.RO) ended 2015 with a 8.9% growth in revenue, to RON444 million, and its net profit increased to RON12.62 million, the group said in its consolidat...
VIG Underwritings in Romania Grew 26% on Year in 2015
Austria’s Vienna Insurance Group (VIG) underwrote gross premiums of EUR428.6 million last year in Romania, up 26.2% compared with 2014, the insurer said in its final earnings report released...
BCR Posts EUR206M Profit in 2015 on Drastic Provision Cost Cuts
Romania's largest bank BCR, a unit of Austria’s Erste Group Bank (EBS.RO), Friday reported a net profit of 918.9 million lei (EUR206.8 million), from a loss of RON2.79 billion in 2014, the b...
OMV Petrom Posts First Annual Loss Since Privatization
Romania's largest company OMV Petrom (SNP.RO), majority owned by Austria's OMV, posted net loss of 690 million lei (EUR155 million) in 2015, compared with a profit of RON2.1 billion in 2014,...
KMG International Posts Record Profit in 2015 Despite Oil Price Slump
KMG International, formerly Rompetrol Grup, the second largest oil group in Romania, on Wednesday reported a record net profit of $4.6 million for 2015, despite a sharp decline in internatio...
Electrica 2015 Net Profit Grows 5% on Year, to RON284M
Romanian electricity distribution and supply company Electrica (EL.RO) said its net profit stood at RON283.9 million in 2015, 5% higher than in 2014.