Orange’s net profits, like those of other telecom actors are significantly lower today than more than a decade ago when they stood at over RON1 billion.
Orange’s best year was 2008, which it ended with a RON1.6 billion net profit and RON4.7 billion revenue.
RCS&RDS, the operator controlled by Oradea businessman Zoltan Teszari, is the only company run by a local entrepreneur that made it into the top five, with RON344.7 million net profit in 2019. The rest the companies are subsidiaries of giants like SAP (Germany), RON173.9 million net profit, Vodafone (UK), RON160.8 million and Samsung Electronics (South Korea), RON123.8 million.
(English version by Loredana Fratila-Cristescu)