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.