Sphera Franchise Group (SFG.RO), the largest group in the food service industry in Romania, closed its best year ever, with sales of RON1.47 billion and improved profitability indicators – normalized EBITDA up 44.1% compared to 2022, at RON147.9 million, and normalized net profit up 80.3% compared to the previous year, at RON79.8 million.
Visual Fan, a company listed on the Bucharest Stock Exchange under the ticker symbol ALW and owner of the Allview brand, recorded a 19.1% increase in turnover, at a group level, up to RON134 million (nearly EUR27 million), and a 48% rise in profit, to RON7 million (EUR1.4 million), as per its report with preliminary results (unaudited) for 2023.
Life is Hard (LIH.RO), a technology company listed on the AeRo market of the Bucharest Stock Exchange, announced on Feb 29 that the consolidated net profit doubled to RON7.16 million in 2023 vs 2022.
Natural gas transmission company Transgaz (TGN.RO) ended 2023 with net profit of RON172.4 million, at a group level, down 50% vs 2022, as per the company's preliminary consolidated report published at the Bucharest Stock Exchange.
HILS Development, a real estate developer held by Ionut Negoita, announces a new residential project in Pallady area in the eastern part of capital city Bucharest.