06.03.2016

The only three operational refineries left in Romania ended last year in the black and the last of them to announce results was Russian-held Petrotel Lukoil. more

06.02.2016

Romanian lender CEC Bank ended 2015 with a net profit of RON11 million, up nearly 43% against 2014, due to increased lending activity. more

06.02.2016

Vinalcool Arges Pitesti (VIAG.RO), producer of vinegar, wines and rubbing alcohol, reported a profit of RON1.3 million in 2015, ten times higher than the result obtained throughout 2015. more

06.01.2016

OMV Petrom, the largest oil and gas group in Romania, went through a profound change of revenue structure last year, when its gas stations became the main revenue and profit generator, while the oil more

06.01.2016

Focus on more complex projects and expansion of presence to cities other investors avoid generated a rise in revenue and profit for the US-held outsourcing service provider Computer Generated more

05.24.2016

Romania’s banking sector posted 1.17 billion lei (EUR259 million) profit in the first quarter, while assets decreased to RON370.2 billion. more

05.20.2016

Furniture manufacturer Taparo, one of the top five furniture exporters in Romania, posted 9.2 million lei (EUR2 million) profit last year, six times higher than in 2014. This is its highest profit in more

05.19.2016

Romanian dairy manufacturer Albalact (ALBZ.RO) reported a profit of RON8.5 million in January-March 2016, 2.5-fold higher than RON3.5 million in the same period a year ago, according to the financial more

05.18.2016

Zentiva Bucharest (SCD.RO), a unit of France’s pharmaceutical group Sanofi, reported a profit of RON12 million in January-March 2016, up 68% against the year-earlier period. more

05.18.2016

Romanian oil storage and shipment firm Oil Terminal (OIL.RO) reported a profit of RON7.09 million in January-March 2016, up 8.56% compared with the year-earlier period. more

05.17.2016

Romanian state-run drugmaker Antibiotice Iasi (ATB.RO) reported a profit of RON7.1 million in January-March 2016, up 18% from the year-earlier period. more

05.16.2016

UniCredit Leasing on Monday said it ended the first quarter of 2016 with a consolidated net profit, calculated under IFRS standards, of EUR2.1 million, up 37% from the same period in 2015. more

05.16.2016

Romanian state-owned nuclear power producer Nuclearelectrica (SNN.RO) on Monday reported a net profit of nearly RON67 million for the first quarter, 89% higher than in the same period last year. more

05.16.2016

Romania’s largest natural gas producer Romgaz Medias (SNG.RO) on Monday reported a first quarter net profit of 490 million lei (EUR109 million), 13% lower compared with the first quarter last year, more

05.16.2016

Electrica group on Monday said it registered a consolidated net profit of RON142 million in January-March 2016, up 12% from the year-earlier period, while its operating revenue rose 6% to RON1.51 more

05.13.2016

OTP Bank Romania on Friday said it registered an unadjusted consolidated profit after tax of RON8.8 million in January-March 2016, up 50% from the year-earlier period. more

05.13.2016

Teraplast Bistrita group (TRP.RO), processor of PVC profiles and manufacturer of building materials and installations, reported a profit of RON7 million in January-March 2016, up 67% from the more

05.13.2016

Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) reported a net profit of RON18.4 million (EUR4 million) in January-March 2016, which is 40% higher than RON13 million forecasted for this more

05.12.2016

Romanian aluminum smelter Alro Slatina (ALR.RO) targets sales revenues worth RON2.192 billion and a profit of RON56 million in 2016. more

05.12.2016

Last year was a very good year for fast-moving consumer goods distribution company Interbrands Marketing & Distribution, which posted growth across the broad, chief executive officer Rand Sherif says. more

05.12.2016

Timisoara-based ETA2U, the largest IT&C solutions integrator outside Bucharest, posted growth of almost 40% in revenue to 153 million lei (EUR34 million) last year, while profit was up 80% to RON4.7 more

05.12.2016

Raiffeisen Bank International’s Romanian operations generated EUR28 million profit in the first quarter, an increase of 12% on the same quarter last year, after provision costs halved, the quarterly more

05.11.2016

Romanian chemical plant Oltchim Ramnicu Valcea (OLT.RO) reported a gross profit of EUR1.3 million in the first quarter of 2016, compared with a loss of EUR846,000 in the year-earlier period. more

05.06.2016

Compania Hoteliera Intercontinental Bucuresti (RCHI.RO), the operator of Bucharest-based five-star Intercontinental Hotel, expects total revenue of RON48 million and a net profit of RON4.4 million in more

05.05.2016

Romanian power transformers producer Electroputere Craiova (EPT.RO) expects to switch to profit of RON220,000 in 2016, the first positive result since the year 2000, and also targets a 31.77% increase more