Romania Feed

Romania’s presence in the MSCI indices will increase from 12 to 22 companies, as of September 1, following the quarterly review of the indices, carried out in August by the international index provider MSCI.

Antibiotice Iasi (ATB.RO), the most important Romanian producer of generic drugs, recorded sales of RON315.9 million in the first half of 2023, a 27% increase compared with the first half of 2022, while net profit increased by 82.8% to RON62 million.

Romania's current account balance posted a deficit of EUR9.82 billion in January-June 2023, lower than the EUR11.9 billion in the same period of 2022, central bank data showed on Monday (August 14, 2023).

Aluminum accessories supplier Alumil Rom Industry (ALU.RO) posted RON55.65 million revenue from sales in the first half of the year, up 6% from RON51.5 million in the same period of 2022, the company said in its half-year report.

Telecommunications operator Digi Communications (DIGI.RO) posted total revenue of EUR809.3 million in the first half of 2023, an increase of 12.9% on the corresponding period of 2022, while the profit from continuing operations shrank by 12.7% to EUR26.8 million, the operator said in its financial report.

Nuclear power producer Nuclearelectrica, which operates the nuclear power plant in Cernavoda, ended the first half with RON3.7 billion operating revenue and RON1.28 billion net profit, 5.6% higher than in the corresponding period of 2022, the company said in a financial report to the Bucharest Stock Exchange.

The accommodation market made a record profit of RON2 billion in 2022, which means a profit margin of 20%, a very high level for an industry where costs are quite high. Few industries manage to reach such margins.

Iproeb Bistrita (IPRU.RO), one of the largest local manufacturers of electrical cables and conductors, ended the first six months of 2023 with RON5.74 million net profit, up 18.1% compared with the first half of 2022, on revenue of RON87.93 million, 10.3% higher.

Pharmaceutical producer Biofarm Bucuresti (BIO.RO) reported a profit of RON50.1 million for January-June 2023, up 15% from RON43.6 million reported for the same period of 2022.

EVERGENT Investments, an investment company listed at the Bucharest Stock Exchange under the ticker symbol EVER, said in its half-year financial report of Aug 8 that it surpassed the threshold of EUR500 million in assets under management on June 30, 2023, up 2.5% versus June 30, 2022, amidst heightened volatility, the European and global macro-financial climate and regional geopolitical tensions

Transilvania Investments (TRANSI.RO), one of the five financial investment companies listed at the Bucharest Stock Exchange, ended the first half of 2023 with financial results in line with the objectives set for 2023, namely, a net profit of RON52.4 million, down 23.84% from the net result reported for the same period of 2022.

Practic SA (PRBU.RO), one of the largest owners of street-level retail space in Bucharest, held by Radu Dimofte, ended the first six months of 2023 with a net profit of RON15.4 million, down 40.9% on the year, as per data from the company's half-year financial report published at the Bucharest Stock Exchange.

Chromosome Dynamics (CHRD.RO), a developer of IT & AI solutions for the agribusiness sector, had a net profit of RON30,100 in the first half of 2023, from a net loss of RON178,700 in the same period of 2022, and a turnover of RON6.75 million, up 48.1% on the year, as per data from the company's half-year financial report published at the Bucharest Stock Exchange.

Shipbuilder Santierul Naval Orsova (SNO.RO), which makes river ships, ended the first half of 2023 with a net profit of RON506,386 from a loss of RON2.5 million in the same period of 2022, the company said in its half-year financial report published at the Bucharest Stock Exchange.

Electromagnetica Bucuresti (ELMA.RO), which makes electrical equipment and produces electricity, had a net profit of RON8.4 million in the first six months of 2023, down 53% from RON17.9 million reported in the same period of 2022.

Hotel company Aro-Palace ( ARO.RO) reported a net profit of RON856,256 for the first half of 2023 from a loss of RON958,224 in the same period of 2022, the company said in its half-year financial report released on Friday (Aug 11).

State-run port operator Oil Terminal (OIL.RO) reported a net profit of RON25.4 million for the first half of 2023, up 43% from RON17.8 million reported in the same period of 2022, the company said in its half-year financial report.

Car parts producer Compa Sibiu (CMP.RO) ended the first six months of 2023 with a turnover of RON404 million, up 7% on the year, and a net profit of RON9.2 million, double on the year.

Aerostar Bacau (ARS.RO), an integrated supplier to the global supply chains of major aerospace companies, recorded a net profit of RON46.8 million in January-June 2023, down 4% on the year.

Romanian natural gas producer and supplier Romgaz (SNG.RO) ended the first six months of 2023 with a consolidated net profit of RON1.68 billion, down 2.34% on the year, and revenues of RON5.1 billion, down 32.6% on the year, as per the company's financial report released on Friday (Aug 11).