Banca Transilvania (TLV.RO), Romania's largest lender, posted an individual net profit of RON913 million in the first quarter of 2024, up 35% compared with the year-ago period, the bank said in a report to the Bucharest Stock Exchange on Friday evening.
Bittnet Systems (BNET.RO), an IT Group listed on the Bucharest Stock Exchange, ended the first quarter of 2024 with net loss of RON9.7 million, on a consolidated level, compared to a negative result of RON2.7 million in the same period of 2023, according to its financial report sent to the Bucharest Stock Exchange on May 10.
Vegetable oil producer Argus Constanta (UARG.RO) announced in a stock market report on May 10 that it ended the first quarter of 2024 with a net loss of RON3.57 million, from profit of RON682,930 in the same period of 2023, mostly due to interest expenses associated with the loan contracted by the company for the purchase of raw materials.
OTP Bank Romania posted total income of RON219 million in the first quarter of 2024, an increase of 2% year-on-year, while the net profit shrank by 88% to RON2 million, as per the report published in Budapest, which presents the bank's results at a consolidated level, adjusted in accordance with the Group's standards.
Dan Niculaie Faranga has taken over in May 2024 the position of Chief Executive Officer of Tiriac Holdings, one of the largest Romanian entrepreneurial businesses.