The emerging markets in CE, SE and Eastern Europe include Romania, Poland, Hungary, Turkey, Serbia.

The emerging markets in CE, SE and Eastern Europe include Romania, Poland, Hungary, Turkey, Serbia.
The emerging markets in CE, SE and Eastern Europe include Romania, Poland, Hungary, Turkey, Serbia, Lithuania.

Wednesday, 22 February 2012

Major profits in Romanian companies in 2011 and investment plans for 2012

  • Romanian lender BRD Groupe Societe Generale posted a net profit of EUR 109.7 million in 2011
  • Parcel service company UPS Romania’s exports volume increased by 15 percent in the first nine months of 2011, compared to the same period in 2010
  • Construction subcontractor Octagon posted a turnover of EUR 12.5 million last year, when it signed EUR 3 million contracts in Romania
  • Romanian IT&C retailer Flanco aims for a turnover of EUR 140 million this year, after announcing EUR 110 million sales for last year. The 77-store chain plans to add more units this year, with an investment budget of EUR 3.5 million
  • State-owned energy transport company Transelectrica posted a preliminary net profit of EUR 21.2 million in 2011, nearly 10 times higher than the 2010 results
  • Fertilizer producer Azomures Targu Mures reported a preliminary net profit of EUR 81 million in 2011, more than double the previous year, when the company had a net profit of EUR 36 million
  • Telecom services provider GTS Central Europe (GTS) saw an improvement in its revenues in 2011, to EUR 396 million, an increase of 2 percent compared to the year before
  • Building materials manufacturer Duraziv, posted a turnover of EUR 18 million in 2011, up 34 percent compared to the previous year, when the company posted a turnover of EUR 13.5 million
  • Romanian aluminum producer Alro made a EUR 52.9 million profit in 2011, up from EUR 37.9 million the year before, due to favorable market conditions in the first nine months of the year, and despite a drop in revenues caused by lower aluminum prices and higher electricity costs in the last three months of the year. The producer added EUR 100 million to its turnover last year, reaching EUR 528 million
  • Vola.ro online ticket booking company posted a turnover of over EUR 15 million in 2011, up three-fold over the previous year
  • U.S. media group Central European Media Enterprises (CME), which owns Pro TV in Romania, posted 17% higher revenue at $864.8 million for 2011
  • Romanian IT solutions integrator Novensys posted turnover of EUR 28 million in 2011, up 40% compared with the previous year
  • Romanian lending broker KIWI Finance announced that it has switched to profit in 2011, after three consecutive years of loss, while turnover jumped 140% to EUR 1.38 million
  • French group Lafarge on Friday reported a 4% increase in its Romanian sales for 2011, helped by an increase in the amount of industrial and infrastructure projects
  • Biofarm was the most profitable pharmaceuticals company on the Bucharest stock exchange last year, with a net profit margin of 15.5%
  • Comfert Bacau, a top-ten fertilizers and pesticides distributor, had a turnover of almost EUR 90 million in 2011
  • Garanti Group Romania reported a consolidated net profit of EUR 8.3 million in 2011
  • Romanian industrial equipment maker Comelf Bistrita reported a net profit of 77% higher than a year earlier
  • Romanian farming machinery producer Mecanica Ceahlau reported a net profit over threefold higher in 2011 compared to 2010
  • Construction company Transilvania Constructii said its net profit rose over fivefold on the year to in 2011, boosted by a 21% increase in sales
  • Romanian car parts maker Compa Sibiu posted a net profit of EUR 3.95 million for 2011, up 81% from the previous year
  • Aluminum systems maker Alumil Rom Industry Bucuresti posted a 71% year-on-year increase in its 2011 net profit
  •  Romania’s TMK-Artrom Slatina, controlled by Russian steel pipe maker TMK, swung to a net profit of EUR 16 million in 2011, from a loss of roughly EUR 2.5 million a year earlier
Sources: ZF English, Romanian Business Insider 

No comments:

Post a Comment

Note: only a member of this blog may post a comment.