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Corrugated cardboard manufacturer Vrancart Adjud (VNC.RO) ended the first quarter of 2024 with net loss of RON5 million, from RON3.5 million profit in the same period of 2023, as per its financial report published at the Bucharest Stock Exchange.
Artsani DIY stores in Prahova County posted total sales of RON149 million in 2023, 15% lower than in 2022, latest data about Artsani Com on the Finance Ministry website show.
Drugmaker Zentiva (SCD.RO), held by Prague-based Zentiva Group, reported net profit of RON74.2 million for the first quarter of 2024, compared to RON42.7 million in the same period of 2023, and a turnover of RON266 million, from RON230 million in the first quarter of 2023, as per its quarterly financial report published at the Bucharest Stock Exchange.
The shares of telecommunications operator Digi (DIGI.RO) will be included in the structure of the MSCI Frontier Markets Index, following the revision of the list by the equity index provider. All modifications will be implemented at the close of May 31, 2024.
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.19759 items