Electricity supplier and distributor Electrica (EL.RO) on Monday notified the Bucharest Stock Exchange of having decided to extend the duration of the mandate of Alexandru-Aurelian Chirita as interim CEO until April 30, 2023, under the same conditions.
Industrial material manufacturer Comelf Bistrita (CMF.RO) posted RON4.1 million net profit in 2022, down from the RON4.3 million of 2021, which means a decline of 3.3%, ZF has calculated from the company’s annual financial report.
Romanian pharmaceutical manufacturer Antibiotice Iasi (ATB.RO) said in a stock market report on Monday (Feb 27) that it ended 2022 with a net profit of RON38.5 million in 2022. up 28.6% versus 2021, as per the company’s preliminary financial report.
Drug manufacturer Biofarm (BIO.RO) on Monday (Feb 27) reported a turnover of RON277 million for 2022, up 16% from 2021, and a net profit of RON70.9 million, up 18% on the year.
CTP, the largest owner and developer of industrial and logistics space in Romania, continues its investments in green energy by installing a 1.5 MW photovoltaic power plant at the CTPark Bucharest industrial park in western Bucharest.
Globalworth, the largest office market investor in Central and Eastern Europe (CEE), said it signed a lease contract for a period of over seven years with Rödl & Partner Romania, an international multidisciplinary consulting firm.
Romanian natural gas producer and supplier Romgaz (SNG.RO) on Monday (Feb 27) said in a stock market report that it placed with Romania’s import-export bank Eximbank a term deposit without auto-renewal option in the total amount of RON270 million.
Millenium Insurance Broker (MIB), an insurance broker with 25 years of experience in the Romanian market, is making its debut on the AeRO market of the Bucharest Stock Exchange (BVB) on Monday (Feb 27).
Personal data security and consumer protection are the regulatory areas that have the greatest potential for increasing the litigation activity in the next three years, according to 64% and respectively 59% of the Romanian companies participating in the Deloitte Legal survey “New Roads to Dispute Resolution“.
Car parts maker Compa Sibiu ended 2022 with net profit worth RON1.3 million at group level, down 91% year-on-year.
Transelectrica (TEL.RO), the operator of the national energy transmission system, in 2022 registered RON529 million net profit, compared with RON450,000 in 2021.
Romanian state-owned lender CEC Bank reported an estimated, unaudited net profit of RON 446.8 million for 2022, up 22% compared to 2021. This is the fourth consecutive year of solid profits, growth and market share consolidation for CEC Bank.
Banca Transilvania (TLV.RO), the largest lender in Romania, posted RON2.5 billion consolidated net profit in 2022, an increase of 23% on 2021, while assets increased by 6% to RON140.5 billion. On the other hand, operating income grew from RON4.9 billion to RON6.3 billion.
Aerostar Bacau (ARS.RO) a company that makes aircraft parts and provides aircraft maintenance services, ended 2022 with RON90.3 million net profit, an increase of 50.6% on 2021 and RON467 million revenue, 24% higher than in the previous year, according to ZF’s calculations based on the data in the preliminary annual financial report.
Construction material distributor Sipex Company (SPX.RO) ended 2022 with RON291 million revenue, an increase of 12.5% and RON20.1 million profit, 25% higher than in 2021.
Technology company 2Performant (2P.RO) posted RON35.1 million revenue in 2022, an increase of 36% year-on-year and RON258,000 net profit, instead of a RON700,000 loss.
Holde Agri Invest (HAI.RO), a Romanian-held company that operates farmland, posted RON117.5 million consolidated revenue in 2022, an increase of 87% and net profit of RON11.4 million (IFRS), 55% higher than in 2021, the company said in its report to the Bucharest Stock Exchange.
MedLife, leader of Romania’s private healthcare market, for 2022 reported consolidated turnover worth RON1.8 billion, up 26%, and RON44.3 million net profit, down by RON68 million from 2021.
Nuclearelectrica (SNN.RO), Romania’s only nuclear power producer, for 2022 reported RON6.5 billion revenues, double the 2021 level, and RON2.7 billion net profit, up 163%.
After an intense 2022 in terms of investments for Nord Group (the former Provita), which included the takeover of a stake by MedLife, the first half of 2023 will bring under the healthcare operator’s umbrella a new hospital in Bucharest, in Pipera, due to be opened in June at the latest, in the wake of an over EUR20 million investment.