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Moody's Ratings has today affirmed the Baa2 long- and short-term deposit ratings and the Baa3 long- and short-term issuer ratings of Banca Transilvania S.A. (TLV.RO). The outlook on the long-term deposit and issuer ratings was changed to positive from stable.
Winemaker Purcari (WINE) posted RON262 million revenue in the first nine months of 2024, an increase of 4% year-on-year, while the net profit went down 1% to RON43.3 million, the group said in a report to the Bucharest Stock Exchange.
Hidroelectrica (H2O.RO), Romania's largest electricity producer and the largest company listed on the Bucharest Stock Exchange, ended the first nine months of 2024 with a net profit of RON3.5 billion, 32% lower than in the year-ago period, it said in its financial report published on bvb.ro on Thursday evening.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, as well as for companies’ RON-denominated current loans, on Friday, November 15 climbed to 5.58% from 5.56% on November 14, the first day the index rose above the 5.55% level it had stalled at since September 3, 2024.
ROCA Industry, a Romanian holding specializing in building materials production, for January-September 2024 reported RON12.5 million net profit at a consolidated level, from a RON7.3 million loss in the year-earlier period.
Taparo, a Maramures-based furniture manufacturer, has entered insolvency, in line with a decision by Maramures Tribunal.
Plastic packaging producer Romcarbon in the first nine months of 2024 logged RON4 million losses at an individual level, from RON5.3 million profit in the same period of 2023, as the company last year sold a RON4 million land plot to Lidl.
Private healthcare company MedLife posted RON1.98 billion operating revenues in the first nine months of 2024, up from RON1.64 billion in Jan-Sept 2023, therefore 21% higher.
IAR Brasov (IARV.RO), which manufactures and repairs spare parts for helicopters, recorded RON15 million net profit in the first nine months of 2024, 58.7% below the level of the same period of 2023.
Romanian drug manufacturer Antibiotice Iasi, in which the Romanian state hold 53%, registered RON511 million revenues in the first nine months of 2024, up 15% annually, while net profit went up by 15% to RON88 million.
State-owned Romgaz, a natural gas producer and supplier, reported RON5.6 billion turnover for the first nine months of 2024, down 17% from the year-earlier period, while net profit rose by 5% to RON2.3 billion.
Sphera Franchise Group, the company that manages KFC, Pizza Hut and Taco Bell restaurants in Romania, ended the first nine months of 2024 with RON1.14 billion sales, up 6.4% from the year-earlier period.
Kandia Dulce, Romania’s largest chocolate producer, expects to end 2024 with turnover of around RON268 million, up 17% from 2023.
AROBS Transilvania Software (AROBS), the largest technology company listed on the Bucharest Stock Exchange, posted consolidated revenue of RON306.2 million in the first nine months of 2024, down 5% compared with the same period in 2023, an EBITDA of RON43.4 million, 25% lower and a net profit of RON16.1 million, 42% lower.
Turbomecanica (stock symbol: TBM), a local manufacturer of gas turbine engines and mechanical assemblies for aircrafts, ended the first nine months of 2024 with revenue of RON105 million, from RON80.4 million reported in the same period of 2023, and net profit of RON14.6 million, from RON3.7 million, as per its financial report published at the Bucharest Stock Exchange on Nov 14.
Automotive component maker Altur Slatina (stock symbol: ALT) reported net profit of RON1.33 million for the first nine months of 2024, down 80.5% from a net gain of RON6.8 million recorded in the same period of 2023, as per its financial report published at the Bucharest Stock on Nov 14.
Biodegradable and compostable packaging manufacturer Promateris (PPL.RO) posted a net profit of RON649,000 in the first nine months of 2024, up from a loss of RON4.4 million in the same period of 2023, while sales stood at RONRON 80.8 million, down 17%.
Premier Energy (PE.RO), one of Romania's largest natural gas suppliers, posted EUR815.8 million (RON4 billion) revenue in the first nine months of 2024, up 25% from the same period a year earlier, and a net profit of EUR62.5 million (RON311 million), down 57.6%.
Pharmaceutical producer Biofarm Bucuresti (stock symbol: BIO) ended the first nine months of 2024 with net profit of RON73.25 million, at an individual level, up 4.7% from the same period of 2023, as per its quarterly financial report published at the Bucharest Stock Exchange on Nov 14.
Pre-cast concrete part manufacturer Prefab Bucuresti (PREH.RO), controlled by entrepreneur Petre-Marian Milut through Romerica International, posted RON67 million revenue in the first nine months of 2024, up from RON89.5 million in the year-ago period.18957 items