Industrial and logistics projects accounting for about 555,000 square meters are currently under construction in Romania and due to be delivered by the end of 2024, 60% or 315,000 square meters of which already pre-leased, real estate consultant Cushman & Wakefield Echinox data show.
Ropharma (RPH.RO), a pharmacy chain owned by entrepreneur Mihai Miron, ended the first three quarters of 2023 with a profit of RON4 million, down 33% from RON5.9 million on Sept 30, 2022.
Chemical compound Chimcomplex (CRC.RO) reported a net profit of RON54.8 million for the first nine months of 2023, lower than RON115 million in the same period of 2022, and its turnover fell to RON1.08 billion on the year from RON1.74 billion.
Construction material holding company Roca Industry (ROC1.RO), launched by Roca Investments, posted RON439.2 million revenue for its companies in the first nine months of the year, an increase of 7.9% on the year-ago period.
IAR Brasov (IARV.RO), which makes and repairs spare parts for helicopters, posted RON360 million revenue in the first nine months of 2023, up from the RON226 million in the year-ago period. Net profit increased to RON36.4 million from RON14.2 million.
Construction material manufacturer Cemacon (CEON.RO) posted RON130.07 million net revenue in the first nine months, 27% lower than on September 30, 2022.
Idea Bank, which Banca Transilvania acquired two years ago, will change its name to Salt Bank and will become the first 100% digital bank made in Romania.
Precast concrete product manufacturer ASA CONS based in Turda ended the first nine months of this year with EUR28.3 million revenue, up 12% compared with the same period last year, the company said.
Agrotex, the farm input supplier based in Carei, Satu Mare County, and owned by Adrian Mircea Lata in partnership with Florentina Lata and Mirela Dana Savinescu, posted RON763.4 million (EUR149.3 million) revenue in 2022, up 10.8% on the previous year’s about RON689 million (EUR140 million), according to ZF calculations based on Finance Ministry data.
Romanian-owned textile manufacturer Pandora Prod in Focsani posted RON216.6 million (about EUR44 million) revenue in 2022, up 31.6% from the previous year’s almost RON164.6 million (EUR33.4 million), according to calculations made by ZF based on data from the Finance Ministry website.
Automotive component manufacturer Hella Romania, the local subsidiary of Germany’s Hella Group, is currently employing more than 5,500 people in its design and development centers in Timisoara, Arad, Lugoj, Oradea, Craiova and Iasi, an increase of around 10% compared with 2022.
The Bucharest Stock Exchange has announced Wednesday evening that the shares of Antibiotice (ATB.RO), the Romanian manufacturer of generic drugs, listed on the local capital market for 26 years, will be included in the indices of the global index provider MSCI, starting with the 1st trading day of December 2023.
Financial investment company SIF Muntenia (SIF4.RO) had a net profit of RON147 million in the first nine months of 2023, compared to a loss of RON63.9 million in the same period of 2022, as per the company's quarterly financial report published at the Bucharest Stock Exchange on Nov 15.