Romania Feed

Transilvania Investments Alliance (TRANSI.RO), an investment company with high exposure on the Romanian hotel sector, recorded a net profit of RON24 million in January-March 2023, down 42.42% from the level reported in the first quarter of 2022.

Financial investment company SIF Muntenia (SIF4.RO) announced RON21.4 million net profit in the first quarter of 2023, compared with a net loss of RON53.7 million in the year-ago period, in its quarterly financial report filed with the Bucharest Stock Exchange.

Evergent Investments (EVER.RO), the top performer of the five financial investment companies listed on the Bucharest Stock Exchange in 2022, invested about RON138 million in OMV Petrom (SNP.RO) shares in the first quarter of 2023, ZF has calculated from its financial report published on Monday evening.

Danube freight transporter Transport Trade Services (TTS.RO) posted RON89.1 million consolidated net profit in the first three months of 2023, 112.3% higher than in the fourth quarter of 2022 and 632.6% higher than in the year-ago period.

Rompetrol Rafinare (RRC.RO) a company of the KMG International Group (Rompetrol) saw 10% growth in consolidated gross revenue to almost $1.3 billion in the first quarter of 2023, largely because of the higher volume of raw material processed and products made in the Petromidia refinery, which drove the increase in the sales volume compared with the corresponding period of 2022.

Patria Bank (PBK.RO), a lender listed on the Bucharest Stock Exchange, on Monday evening announced its financial results for the first quarter of 2023: RON4.1 billion banking assets, RON44 million net banking income and RON3 million net profit.

Corrugated cardboard manufacturer Vrancart Adjud (VNC.RO), a company in which the Paval brothers - founders of do-it-yourself retailer Dedeman, own a 17.2% stake, reported revenue of RON117 million and a net profit of RON3.5 million for the first quarter of 2023, as per the company's quarterly financial report published at the Bucharest Stock Exchange.

Building materials maker Cemacon Cluj (CEON.RO), controlled by Paval brothers who own DIY retailer Dedeman, recorded a consolidated net result of RON12.8 million in the first quarter of 2023, down 23% from the level reported in the year-earlier period.

Bittnet Group (BNET.RO), the first Romanian group of IT companies listed on the main market of the Bucharest Stock, ended the first quarter of 2023 with consolidated revenue of RON53.5 million, up 63% on the year, due to an 80% accelerated growth of the IT&C integration activity compared to the first quarter of 2022.

Hotel chain Accor has opened ibis Styles Bucharest Airport Hotel near Bucharest’s Henri Coanda (Otopeni) International Airport, an investment of Sheikh Ahmed Bin Saif Al Nahyan, former Etihad Airways chairman and founder of ABS Holdings.

The Center – West area (Politehnica, Orhideea, Cotroceni) has become the largest office submarket in capital city Bucharest, outranking for the first time the Floreasca – Barbu Vacarescu area following the delivery of projects in the first quarter of 2023, as per data from real estate consulting firm Cushman & Wakefield Echinox.

Drilling company Dafora Medias (DFR.RO) ended the first quarter of 2023 with RON7.6 million revenue, an increase of 458% on the year-ago period, as well as RON1.4 million loss compared with RON2.7 million, the company said in its quarterly financial report to the Bucharest Stock Exchange.

Alstom, one of the largest actors in the transportation technology sector in the world, has 110 positions open for Romania at the moment, its career website shows. Alstom makes a complex range of transportation technologies from high-speed trains, subways or streetcars to turn-key transportation infrastructure systems or electric mobility solutions.

Natural gas producer and supplier Romgaz (SNG.RO) has announced that the chief executive officer Razvan Popescu’s term was extended for four years from May 16, 2023, to May 16, 2027, as shown in a decision by the Board of Directors.

ArcelorMittal Hunedoara (SIDG.RO), the steel mill owned by ArcelorMittal group, reported for the first three months of 2023 a loss of RON18.2 million, lower than RON29.7 million in the same period of 2022, and a turnover of RON155.7 million, down 20.8% versus the same period of 2022.

New loans granted by banks in Romania to consumers and companies stood at RON30.5 billion in the first quarter of 2023, an increase of more than 7.77% on the RON28.3 billion in the year-ago period.

Romanian aluminum processor Alumil Rom Industry (ALU.RO) ended the first quarter of 2023 with a net profit of RON1.7 million, down 22.2% from the level reported in the same period of 2022, amid sales revenue of RON26 million, up 7.5% on the year, in line with calculations by Ziarul Financiar (ZF) daily based on data from the company's quarterly financial report published at the Bucharest Stock Exchange.

State-run port operator Oil Terminal (OIL.RO) has announced for the first three months of 2023 a net profit of RON23.4 million, up 103% compared with the net result reported for the same period of 2022, amid revenue of RON87.5 million, 41.9% higher on the year, as per calculations by Ziarul Financiar (ZF) daily based on data from the quarterly financial report published at the Bucharest Stock Exchange.

Romanian state-owned oil transporter (COTE.RO) ended the first quarter of 2023 with a net profit of RON18 million, which is 4.2% lower than the net resulted reported in the same period of 2022 and 27.9% higher than the result envisaged in the company's budget of revenue and expenditure, as per data from the quarterly financial report published at the Bucharest Stock Exchange.

One United Properties (ONE.RO), the most active real estate developer in Romania, has signed a pre-sale agreement for One Athénée for EUR24 million, the company said in a report.