IAR Brasov Net Profit Soars 50% To RON12.7M, Turnover Up 15.4% To Nearly RON100M YoY In 1Q/2020

IAR Brasov Net Profit Soars 50% To RON12.7M, Turnover Up 15.4% To Nearly RON100M YoY In 1Q/2020

05.15.2020

Romanian state-run aircraft repair and maintenance company IAR Brasov (IARV.RO) on Friday said it ended the first quarter of 2020 with a net profit of RON12.7 million, up 50.7% on the year, and a turnover of RON99.3 million, up 15.4% on the year, as per the company’s quarterly report.

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Analysis

Romanian Households Reach Net Wealth of RON2,157B in 2019 Romanian Households Reach Net Wealth of RON2,157B in 2019

Romanian households’ net wealth reached RON2.157 trillion (over EUR450 billion) at the end of 2019, with real estate assets accounting for 80%, central bank data showed.