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Fondul Proprietatea reported operating revenue of RON900,000 for January-March 2024, compared to RON13.6 million in the same period of 2023, and loss of RON5.8 million, half the level reported in the first quarter of 2023, as per its financial report published at the Bucharest Stock Exchange.
Premier Restaurants Romania, the operator of the McDonald’s restaurants in the country, plans to open seven new restaurants in 2024 and continue remodeling and digitalization projects of the existing ones.
Transilvania Broker de Asigurare (TBK.RO), one of the largest insurance brokers on the local market, ended the first quarter of 2024 with net profit of RON0.85 million, down 80.4% on the year, and a turnover of RON25.4 million, down 24.3% on the year, in line with data from the quarterly financial report published at the Bucharest Stock Exchange.
Natural gas producer and supplier Romgaz (SNG.RO) ended the first quarter of 2024 with net profit of RON1.24 billion, up 28.4% from the same period of 2023 and up 98.6% versus the fourth quarter of 2023, as per its quarterly financial report.
Raiffeisen Bank has decided to go with Visa at its only card partner, which means the bank will be issuing new cards for those who already have Mastercard Raiffeisen Bank cards, its officials explained during a conference announcing the move.
Alternative investment fund Infinity Capital Investments in the first three months of 2024 registered a RON3.17 billion net asset, the highest in the past ten years.
Antibiotice Iasi, the largest Romanian-owned drug manufacturer, saw revenues reach an overall RON192.5 million level, 13% higher than in the year-earlier period.
Romania’s industrial production decreased by 4.2% in unadjusted data in March 2024 versus March 2023 but increased by 2.8% when adjusted for seasonality and the number of working days, data from the country’s statistics board INS showed on Tuesday (May 14, 2024).
Panoramic Restaurant on the Tampa Mountain in Brasov will reopen next year, after ANA Hotels bought it from Aro Palace in 2022 and said it planned to invest in it.
Biodegradable and compostable packaging manufacturer Promateris (PPL.RO) ended the first quarter of 2024 with net profit of RON10.6 million, compared to loss of nearly RON920,000 in the same period of 2023.
Construction company CML.RO in Beclean, Bistrita-Nasaud County, owned by entrepreneurs Mihaela and Vasile Ros, posted RON185.7 million (EUR37.6 million) revenue in 2023, up by about 16% on the RON159.7 million (EUR32.4 million) of 2022, Finance Ministry data show.
Aluminum producer Alro Slatina (ALR.RO) reported net loss of RON14.8 million for the first quarter of 2024, compared to a negative result of RON52.4 million in the same period of 2023, as per its quarterly financial report published at the Bucharest Stock Exchange on May 14.
AROBS Transilvania Software (AROBS.RO), the largest technology company listed on the Bucharest Stock Exchange, posted RON105 million consolidated revenue in the first quarter of 2024, slightly down by 5%, compared with the year-ago period, normalized EBITDA of RON20.6 million and a normalized net profit of RON11.7 million.
Turbomecanica, a local manufacturer of gas turbine engines and mechanical assemblies for aircraft, reported net profit of RON1.3 million for the first quarter of 2024, compared to loss of RON33,000 in the same period of 2023, as per its financial report published at the Bucharest Stock Exchange on May 14.
Pharmaceutical producer Biofarm Bucuresti (BIO.RO) ended the first three months of 2024 with net profit of RON20.6 million, down almost 35% from the same period of 2023, as per its quarterly financial report sent to the Bucharest Stock Exchange.
State-owned Hidroelectrica (H2O.RO), Romania's largest electricity producer and the largest issuer listed on the Bucharest Stock Exchange by market capitalization, posted RON1.3 billion net profit in the first quarter of 2024, down 23% compared with the same period in 2023, while revenue decreased by 22% to RON2.5 billion.
SIPEX (SPX.RO), one of the largest distributors of building materials and finishes in Romania, with 27 years in business on this segment, posted RON69.3 million revenue in the first quarter of 2024, an increase of 10% compared with the year-ago period, driven by increased sales in all three distribution channels.
Farmaceutica Remedia Group (RMAH.RO), with activities in drug wholesale for pharmacies, but also for clinics and private hospitals, in pharma retail and sale of robots for pharmacies, reported a turnover of RON172.6 million for the first three months of 2024, up 26.7% compared to the same period of 2023, as per its financial report submitted to the Bucharest Stock Exchange.
Tub Integral, a distributor of electrical materials and lighting fixtures, held by the Tarmure family from Bistrita, reported a turnover of RON75.7 million (EUR15.3 million) for 2023, up 7% from RON70.6 million (EUR14.3 million) in 2022, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Telecommunications operator Digi (DIGI.RO) on Tuesday evening notified the Bucharest Stock Exchange about its subsidiary RCS&RDS having taken out a loan from Citibank to develop operations in Romania and Spain, while Digi Spania Telecom reached a loan agreement with Banco Santander.19015 items