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Insurance Pool PAID Switches To Loss After 82% Drop In Underwritings Last Year
Romania’s Pool of Insurance against Natural Disasters (PAID), which issued mandatory home insurance policies, underwrote premiums of nearly RON6.5 million in 2012, down 82% on the year, and...
Credit Agricole Bank Romania Posted EUR6M Loss In 2012
Credit Agricole Bank Romania said in a statement Thursday it posted a loss of EUR6 million last year, similar to the loss reported in 2011, citing deteriorating economic conditions, low dema...
Agricover 2012 Turnover Up 5% On Year, To RON970M
Romanian agribusiness group Agricover posted a turnover of 970 million lei (EUR219 million) last year, up 5% on the year, but its EBITDA (earnings before interest, tax, depreciation, and amo...
Insurer Allianz-Tiriac Operating Profit Halves To RON6.5M In 2012
Romanian insurer Allianz-Triac Asigurari posted revenues from underwritten premiums of 908.9 million lei in 2012, up 0.3% on the year, and the company’s operating profit nearly halved, to RO...
GTS Telecom Services Down To EUR20M In 2012, Operating Profit Up To EUR5M
GTS Telecom Romania had revenues of EUR20 million last year, down 15% from 2011, and an operating profit (EBITDA) of EUR5 million, up 10% on the year.
Orange Romania 2012 Revenues Down 2.6% On Year, To EUR913M
Revenues of mobile operator Orange Romania saw a slight decline last year, of 2.6%, to EUR913 million, affected, among other factors, by the impact of new interconnection tariffs.
Dafora’s Net Loss Widens After First Nine Months
Romanian construction and oil drilling company Dafora Medias (DAFR.RO) Wednesday reported a net loss of 11.94 million lei (EUR2.6 million) for the first nine months, wider than RON7.1 millio...
OMV Petrom 3Q Net Profit Down 27% On Year To RON864M
Romania’s leading oil and gas producer OMV Petrom (SNP.RO) Wednesday reported a net profit of 864.5 million lei (EUR191.2 million), down 27% on the year, due to a lower financial result.
Analysts Expect Net Profit Of RON248.4M For Banca Transilvania In First Nine Months
Market analysts estimate on average that Banca Transilvania (TLV.RO) will report net profit of 248.4 million lei (EUR54.2 million) in the first nine months, up 21.4% on the year. Participant...