Farmacia Bajan, one of the most powerful local pharmacy networks, added eight new pharmacies in the first half of 2024, reaching a 40-unit network in several counties- Valcea, Arges or Bucharest.
Entrepreneurial company Agroland Business System (AG.RO) plans to raise funds from investors through a bond issue of up to RON15 million at a coupon rate of 9.75% per annum for four years (48 months), the company said in a report published on the Bucharest Stock Exchange on Friday.
Pharmaceutical producer Zentiva (SCD.RO), 96% held by Zentiva Prague and thus not much traded on the Bucharest Stock Exchange, doubled its net profit in the first half of 2024 to around RON143 million.
Entrepreneurial company Arobs Transilvania Software (AROBS.RO), the largest issuer in the IT sector listed on the Bucharest Stock Exchange, ended the first half of 2024 with a net profit of RON 10.8 million, down 52% from the year-ago period.
Transport Trade Services (TTS.RO), a freight carrier on the Danube, posted RON298.7 million revenue in the first half of the year, down 32.1% compared with the same period of 2023, while net profit fell by 35.6% to RON47.7 million.
Cable manufacturer Romcab Targu Mures (MCAB.RO) ended the first half of 2024 with a loss of RON61.4 million, up from the RON16.7 million loss of the year-ago period.
Mobility network Autonom Services, held by brothers Marius and Dan Stefan, ended the first half of 2024 with a net profit of RON18.8 million, up 53% from the first half of last year.
IAR Brasov (IARV.RO), which manufactures and repairs spare parts for helicopters, recorded a net profit of RON20.2 million in the first half of 2024, 55.5% below the level in the year-ago period.
Farmaceutica Remedia, a major player on the drug wholesale market, registered RON355.2 million revenues in the first half of 2024, 24% above the H1/2023 level.
Romania’s National Defense Ministry this week launched the bill needed in order to buy fifth generation F-35 fighter jets as proposed by US’ Lockheed Martin. According to official information, Romania should sign for the acquisition of the 32 F-35 jets at the end of this year or early in 2025.
Libra Internet Bank, part of US investment group New Century Holdings (NCH), in the first half of 2024 registered RON149.5 million net profit, down from RON160.7 million in H1/2023.
Sphere Franchise Group, the company that manages KFC, Pizza Hut and Taco Bell restaurants in Romania, in the first half of 2024 doubled its net profit to around RON41 million amid expense control, while sales climbed by 6% to RON740 million.
Real estate developer One United Properties, controlled by entrepreneurs Victor Capitanu and Andrei Diaconescu is convening its shareholders for October 11 to approve, among other things, the distribution of interim dividends. The payment date would be November 11.
Furniture manufacturer Laguna Euromob for 2023 reported turnover worth RON76.8 million (EUR15.5 million), down 3.3% from 2022, in line with ZF calculations based on Finance Ministry data.
Craiova-based Softronic, the only manufacturer of electric locomotives and multiple units in Eastern Europe, estimates it will end 2024 with 25% higher turnover than in 2023.
Local company TOP TECH, a business solutions integrator, posted a loss of more than RON1.6 million (EUR334,000) at the end of 2023, from a profit of RON573,644 (more than EUR115,000) in 2022, Finance Ministry data show.
Aquila Part Prod Com (AQ.RO), an entrepreneurial fast-moving distribution and logistics company, on Thursday evening notified the Bucharest Stock Exchange that the privately managed pension fund Metropolitan Life and Metropolitan Life Asigurari MetLife Europe had slightly exceed the 5% stake threshold in it.