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EnergoNuclear, a Nuclearelectrica fully owned subsidiary, and FCSA Joint Venture comprised of Fluor B.V., Fluor Energy Transition Inc. Wilmington Sucursala Bucuresti, Candu Energy Inc., (an AtkinsRealis company), Ansaldo Nucleare S.p.A., S&L Engineers, Ltd. and Sargent & Lundy Energie S.R.L signed the Engineering, Procurement and Construction Management (EPCM) LNTP phase contract for the advancement of Cernavoda NPP Units 3 and 4 at COP 29 in Baku, Nuclearelectrica said in a statement.
Fondul Proprietatea (FP.RO) ended the first nine months of 2024 with RON209.6 million net profit, compared with a loss of RON968.9 million in the year-ago period. Gross dividend income stood at RON145.8 million, lower than the RON962.8 million in January-September 2023, when net operating income went from minus RON502.5 milion to plus RON238.4 million.
Auto parts maker Compa Sibiu (CMP.RO) posted net profit of just over RON5 million in January-September 2024, down to half of the year-ago period’s level.
THR Marea Neagra (EFO.RO), which manages several hotels on the Romanian Black Sea coast, posted RON9.1 million net profit in the first nine months of 2024, half as much as in the year-ago period (RON18.3 million). Operating income stood at RON23 million, a decline of 42.7% compared with January-September 2023 (RON40.1 million).
The European Commission has slashed its real GDP growth forecast for Romania to 1.4% in 2024 from the 3.3% estimated in the spring, the EC said on Friday (November 15).
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.
AROBS Transilvania Software (AROBS), the largest technology company listed on the Bucharest Stock Exchange, posted consolidated revenue of RON306.2 million in the first nine months of 2024, down 5% compared with the same period in 2023, an EBITDA of RON43.4 million, 25% lower and a net profit of RON16.1 million, 42% lower.
Turbomecanica (stock symbol: TBM), a local manufacturer of gas turbine engines and mechanical assemblies for aircrafts, ended the first nine months of 2024 with revenue of RON105 million, from RON80.4 million reported in the same period of 2023, and net profit of RON14.6 million, from RON3.7 million, as per its financial report published at the Bucharest Stock Exchange on Nov 14.19522 items