Bittnet Group (BNET.RO), the first Romanian group of IT companies listed on the main market of the Bucharest Stock, saw its revenue surging 150%, its EBITDA doubling and its gross loss halving in the first nine months of 2023, which marks a significant progress towards achieving the profitability objective, as per the company's financial report released at the Bucharest Stock Exchange.
Turbomecanica (TBM.RO), a local manufacturer of gas turbine engines and mechanical assemblies for aircraft, ended the first nine months of 2023 with a net profit of RON3.7 million, up 48% from RON2.5 million in the same period of 2022.
Carbochim Cluj-Napoca (CBC.RO), the largest professional abrasives manufacturer in Romania, had a net profit of RON117 million in the January-September 2023, compared to RON47 million in the same period of 2022, as per the company's financial report released by the Bucharest Stock Exchange on Friday (Nov 10).
Electromagnetica Bucuresti (ELMA.RO), which makes electrical equipment and produces electricity, switched to a loss of RON1.55 million in the first nine months of 2023, from a net profit of RON23.5 million in the same period of 2022, and its turnover fell by 11.6% on the year to RON152.8 million, as per the company's quarterly financial report.
Meta Estate Trust (MET.RO), a holding-type company operating in the real estate sector, announced in a stock market report on Friday (Nov 10) that it had entered into a partnership with a developer with extensive experience in the local real estate market for the development of a premium boutique residential project.
Life is Hard (LIH.RO), a technology company listed on the AeRo market of the Bucharest Stock Exchange, ended the first nine months of 2023 with a net profit of RON5.05 million, up 129.5% on the year, and a turnover of RON29.5 million, as per data from the company's quarterly financial report.