Romania Feed

Romanian fiber optic cable producer Romcab Targu Mures (MCAB.RO) had a net loss of almost RON1.8 million in January-March 2023 as compared to a loss of RON42.1 million in the same period of 2022.

Carbochim Cluj-Napoca (CBC.RO), the largest professional abrasives manufacturer in Romania, posted RON116.8 million net profit in the first quarter of 2023, up from the mere RON1.04 million in the year-ago period, the company said in a report to the Bucharest Stock Exchange.

Footwear retailer Deichmann Romania ended 2022 with a 32% higher turnover, of RON594 million, aiming to open new stores in 2023 and to further refurbish ten other units.

After the deal with UniCredit fell through at the end of last year, US private investment firm J.C. Flowers has put up for sale First Bank Romania again.

ALPLA Group will be marketing all activities relating to large-volume plastic packaging for industrial and commercial use, such as buckets, canisters and their closure systems, under the ALPLAindustrial brand, starting May 2023.

Romania's gross domestic product (GDP) grew by 2.3% in real terms (in unadjusted data) in the first quarter of 2023 as compared to the first quarter of 2022, flash estimates from the country’s statistics board INS showed on Tuesday (May 16).

The Bucharest Stock Exchange (BVB) has announced that the shares of Romania’s largest electricity producer Hidroelectrica will be included in BVB’s indices starting with the first trading day for the company’s shares, Ziarul Financiar (ZF) daily reported.

Insurance broker Millenium Insurance (MIB.RO), which is majority owned by mobility network Autonom Services, recorded a net profit of RON1.9 million in the first quarter of 2023, up 40% on the year, as per the company's financial report.

Lion Capital (LION.RO), the largest financial investment company listed at the Bucharest Stock Exchange, that has changed its name from SIF Banat-Crisana (SIF1.RO), reported a consolidated net profit of RON68.5 million for the first quarter of 2023, as compared to a loss of RON140 million in the same period of 2022.

Pharmaceutical company Zentiva SA had a turnover of RON230 million in January-March 2023, up 36% on the year, and a profit of over RON42 million, almost nine times higher than RON5 million reported in Jan-March 2022, as per data from the company's quarterly financial report published at the Bucharest Stock Exchange.

SIF Oltenia (SIF5.RO) has notified the local stock market of the initiation of the necessary steps for the sale of the 19.83% stake held in the share capital of IAMU Blaj (IAMU.RO), a company listed at the Bucharest Stock Exchange.

Transilvania Investments Alliance (TRANSI.RO), an investment company with high exposure on the Romanian hotel sector, recorded a net profit of RON24 million in January-March 2023, down 42.42% from the level reported in the first quarter of 2022.

Financial investment company SIF Muntenia (SIF4.RO) announced RON21.4 million net profit in the first quarter of 2023, compared with a net loss of RON53.7 million in the year-ago period, in its quarterly financial report filed with the Bucharest Stock Exchange.

Evergent Investments (EVER.RO), the top performer of the five financial investment companies listed on the Bucharest Stock Exchange in 2022, invested about RON138 million in OMV Petrom (SNP.RO) shares in the first quarter of 2023, ZF has calculated from its financial report published on Monday evening.

Danube freight transporter Transport Trade Services (TTS.RO) posted RON89.1 million consolidated net profit in the first three months of 2023, 112.3% higher than in the fourth quarter of 2022 and 632.6% higher than in the year-ago period.

Rompetrol Rafinare (RRC.RO) a company of the KMG International Group (Rompetrol) saw 10% growth in consolidated gross revenue to almost $1.3 billion in the first quarter of 2023, largely because of the higher volume of raw material processed and products made in the Petromidia refinery, which drove the increase in the sales volume compared with the corresponding period of 2022.

Patria Bank (PBK.RO), a lender listed on the Bucharest Stock Exchange, on Monday evening announced its financial results for the first quarter of 2023: RON4.1 billion banking assets, RON44 million net banking income and RON3 million net profit.

Corrugated cardboard manufacturer Vrancart Adjud (VNC.RO), a company in which the Paval brothers - founders of do-it-yourself retailer Dedeman, own a 17.2% stake, reported revenue of RON117 million and a net profit of RON3.5 million for the first quarter of 2023, as per the company's quarterly financial report published at the Bucharest Stock Exchange.

Building materials maker Cemacon Cluj (CEON.RO), controlled by Paval brothers who own DIY retailer Dedeman, recorded a consolidated net result of RON12.8 million in the first quarter of 2023, down 23% from the level reported in the year-earlier period.

Bittnet Group (BNET.RO), the first Romanian group of IT companies listed on the main market of the Bucharest Stock, ended the first quarter of 2023 with consolidated revenue of RON53.5 million, up 63% on the year, due to an 80% accelerated growth of the IT&C integration activity compared to the first quarter of 2022.