03.29.2024

Agricover Holding, an entrepreneurial agricultural business, posted RON44 million consolidated net profit in 2023, the company announced on Friday. more

03.25.2024

Practic Bucuresti (PRBU.RO), one of the largest owners of retail space in Bucharest, made RON26.9 million net profit in 2023, 29% lower than in 2022 and RON42.3 million revenue, 7.5% higher more

03.21.2024

The management of Infinity Capital Investments proposes the 2023 net profit of RON67.7 million be distributed to reserves, for own resources, to support future investments, based on a year 2024 full more

03.19.2024

OMV Petrom (SNP.RO), the largest oil company in Romania, has budgeted RON5.2 billion net profit for 2023, an increase of 31% on the 2023 figure, while sales should increase by 1% to RON33.3 billion. more

03.18.2024

Spain’s Inditex Group, one of the largest actors in world’s fashion industry, which owns such brands as Zara, Bershka and Massimo Dutti, posted pre-tax profit of EUR92 million in Romania in 2023. more

02.23.2024

Aerostar Bacau (ARS.RO), a supplier of aerostructures, components, assemblies for hydraulic systems for global manufacturing programs, posted RON93 million net profit in 2023, 3% higher than in 2022. more

02.23.2024

Transilvania Broker de Asigurare (TBK.RO), one of the largest insurance brokers in Romania, ended 2023 with a net profit of RON7.6 million, down 34.3% compared with 2022, on operating revenue of more

02.09.2024

Romania’s banking system hit a record high profit of RON13.7 billion in 2023, up nearly 34% from 2022, in line with preliminary data from the country's central bank. more

01.30.2024

State-run national grid company Transelectrica (TEL.RO) estimates total revenue to reach RON5.3 billion in 2024, compared with a preliminary figure of RON4.7 billion in 2023, a potential increase of more

01.26.2024

Electrical power producer Hidroelectrica (H2O.RO), the most profitable state-owned company in Romania, included a preliminary net profit of RON6.02 billion for 2023 in its 2024 spending and revenue more

01.23.2024

Natural gas transmission company Transgaz (TGN.RO) set RON2.06 billion as „operating revenue” in its spending and revenue budget for 2024, which means a 19.2% increase on the estimated 2023 more

11.29.2023

Electronics manufacturer Visual Fan (ALW.RO), which owns the Allview brand, ended the first nine months of 2023 with RON64.3 million revenue for the entire group, down from RON78.5 million in the same more

11.22.2023

The significant rise in banks’ revenue along with the rise in interest rates and continued lending helped Romania’s banking system make a record net profit of more than RON10 billion (EUR2 more

11.16.2023

IAR Brasov (IARV.RO), which makes and repairs spare parts for helicopters, posted RON360 million revenue in the first nine months of 2023, up from the RON226 million in the year-ago period. Net profit more

11.16.2023

Real estate developer IMPACT Developer & Contractor (IMP.RO) posted RON63.8 million net profit in the first nine months of 2023, more than four times higher than the net profit of RON15 million in the more

11.16.2023

Electrica (EL.RO), a major player in the electricity distribution and supply market in Romania, made RON418.3 million net profit in the first nine months of 2023, 21.6% (or RON115.4 million) lower more

11.15.2023

Drugmaker Zentiva (SCD) posted RON124 million net profit in the first nine months of 2023, compared with RON33.6 million in the same period last year, while revenue rose to RON684 million from RON538 more

11.15.2023

Lender Patria Bank (PBK.RO), held by Emerging Europe Accession Fund (EEAF), ended the first nine months of 2023 with RON15 million net profit, the same as in the year-ago period (RON14.9), it said in more

11.15.2023

Corrugated cardboard maker Vrancart (VNC.RO) posted RON342 million revenue in the first nine months of 2023, down from the RON410 million in the year-ago period, its third quarter financial report more

11.10.2023

Banca Transilvania (TLV.RO), the largest lender in Romania by assets, posted RON2.3 billion net consolidated profit in the first nine months of 2023, up from the RON1.68 billion in the year-ago more

11.09.2023

Telekom Romania Mobile’s total revenue shrank 7.4% to EUR71.1 million in the third quarter of 2023 compared with the year-ago period, while adjusted EBITDA was 63.5% lower, EUR4.6 million compared more

11.06.2023

Organic farm input producer Norofert (NRF.RO) posted RON1.1 million consolidated net profit in the first nine months of 2023, down 85% on the same time in 2022, while revenue stood at RON30.9 million, more

11.03.2023

Alpha Bank, a top ten lender by assets in Romania, posted EUR34 million net profit in the first nine months of 2023, while its assets reached EUR4.48 billion at the end of September, an annual more

10.31.2023

Electrical components manufacturer Romradiatoare Brasov (RRD.RO) recorded a profit of RON843,126 in January-September 2023, up from a loss of RON1.48 million in the same period last year, the company more

10.25.2023

Julius Meinl Romania, one of the biggest players on the premium coffee market, posted RON75.9 million (EUR15.4 million) revenue in 2022, up 42.5% from the previous year’s RON53.2 million (EUR10.8 more