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Chemical compound Chimcomplex Borzesti in 2023 generated overall revenues worth RON1.36 billion, down 43% from 2022, and RON75 million net profit, from RON266 million in 2022.
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, continued to remain unchanged in the last days of February at 6.08%.
The first hotel in Cluj under one of the brands of hotel group Marriott has been opened this week. Courtyard by Marriott Cluj-Napoca Downtown is the first hotel under this brand outside Bucharest.
REPACO Capital, a developer founded by several Romanian entrepreneurs, has started building Crevedia Retail Park, an over EUR15 million investment on Soseaua Bucuresti-Targoviste, no. 232, near Kaufland Buftea.
Sinteza Oradea group, one of Romania’s largest chemical companies in 2023 saw its losses widen from RON2 million in 2022 to RON10.7 million.
Paint and varnish manufacturer Policolor-Orgachim has planned investments in production process automation in coming years as finding workforce is ever more challenging.
Danube freight carrier Transport Trade Services (TTS.RO) announced in its preliminary financial report sent to the Bucharest Stock Exchange on Feb 29 that its net profit soared 70.8% on the year to RON305.5 million in 2023.
Aluminum accessories supplier Alumil Rom Industry (ALU.RO) ended 2023 with a turnover of RON118.1 million, up nearly 8.3% from 2022, according to its preliminary financial report.
Port operator Socep Constanta (SOCP.RO) ended 2023 with profit of RON92.7 million, up 117.5% from RON42.6 million reported in 2022, as per its preliminary financial report, which offers no explanation regarding the financial evolution in 2023.
Rompetrol Well Services (RRC.RO), one of the major suppliers of well services in Romania, reported a turnover of RON73.5 million for 2023, up 38.2% from 2022, as per the company's preliminary financial results published at the Bucharest Stock Exchange.
Alternative investment fund Lion Capital (LION.RO) had a net profit of RON417.3 million in 2023, up 337% on the year, as per its annual preliminary financial report.
Alternative investment fund Evergent Investments (EVER.RO) reported a record value in total assets, of RON2.95 billion, for 2023, from RON2.36 billion in 2022, as per its unaudited report published at the Bucharest Stock Exchange on Feb 29.
SIF Muntenia (SIF4.RO) ended 2023 with net profit of RON212.8 million, compared to a net loss of RON33.2 million in 2022, and dividend income of RON82.5 million, down 13.5% on the year, in line with calculations by Ziarul Financiar (ZF) daily based on the annual preliminary financial results published at the Bucharest Stock Exchange.
Sphera Franchise Group (SFG.RO), the largest group in the food service industry in Romania, closed its best year ever, with sales of RON1.47 billion and improved profitability indicators – normalized EBITDA up 44.1% compared to 2022, at RON147.9 million, and normalized net profit up 80.3% compared to the previous year, at RON79.8 million.
Visual Fan, a company listed on the Bucharest Stock Exchange under the ticker symbol ALW and owner of the Allview brand, recorded a 19.1% increase in turnover, at a group level, up to RON134 million (nearly EUR27 million), and a 48% rise in profit, to RON7 million (EUR1.4 million), as per its report with preliminary results (unaudited) for 2023.
Life is Hard (LIH.RO), a technology company listed on the AeRo market of the Bucharest Stock Exchange, announced on Feb 29 that the consolidated net profit doubled to RON7.16 million in 2023 vs 2022.
Natural gas transmission company Transgaz (TGN.RO) ended 2023 with net profit of RON172.4 million, at a group level, down 50% vs 2022, as per the company's preliminary consolidated report published at the Bucharest Stock Exchange.
HILS Development, a real estate developer held by Ionut Negoita, announces a new residential project in Pallady area in the eastern part of capital city Bucharest.
Venture capital investment fund Early Game Ventures (EGV), launched in 2018 and the most active investor in tech startups in Romania, has received approval for a significant tranche of financing for its second fund, in the total amount of EUR60 million, as per an announcement by EGV representatives.
the Bucharest Stock Exchange (BVB) has granted 19 awards to listed companies, brokerage companies, private pension and investment funds for their achievements in 2023 stock exchange year, it said in statement Thursday (Feb 29).19058 items