earnings

Gral Medical Posts EUR35M Turnover inn 2109, Targets Acquisitions in 2020

Gral Medical, the sixth largest player on the Romanian private healthcare services market, owned by entrepreneur Robert Serban, posted a turnover of EUR35 million in 2019, up 13% on the year, and targets acquisitions in 2020.

Romgaz Net Profit Grows 4.5% in 2019, to RON1.43B

Romania's state-owned natural gas producer Romgaz Medias (SNG.RO) on Tuesday said its consolidated turnover grew 1.5% on the year in 2019, to RON5.1 billion, and its net profit grew 4.5%, to RON1.43 billion.

Sphera Franchise Group Sales Grow 24% in 2019, to RON955M

Sphera Franchise Group (SFG.RO), which manages restaurants under the KFC, Pizza Hut and Taco Bell brands, said Monday its consolidated sales grew 23.8% on the year in 2019, to RON955 million (around EUR201 million).

Electromagnetica Turnover Drops 12% in 2019, to RON256M

Electromagnetica Bucuresti (ELMA.RO), which makes electrical equipment and produces electricity, posted a turnover of RON256 million in 2019, down 12% on the year, while its profit declined 6.9%, to RON4.4 million, it said in its preliminary earnings report Friday.

Telekom Romania Consolidated Revenue Up 5% in 2019, to EUR980M

Telekom Romania posted consolidated revenues of EUR980 million in 2019, up 5% on the year, and its EBITDA also grew 5%, to EUR144 million, the company said in a statement.

Oil Terminal Net Profit Grows Eight Times in 2019, to RON2.4M

Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) posted a net profit of RON2.4 million in 2019, eight times higher than in 2018, and its turnover grew 15.1%, to RON168 million.

Transelectrica Net Profit Drops 44% in 1Q, to RON38M

Romanian state-run power grid operator Transelectrica (TEL.RO) on Wednesday reported total revenues of RON648 million for the first quarter, down 5% on the year, and a net profit of RON38 million, down 44% on the year.

KMGI Posts $86M Net Profit in 2018, Plans to Start Building Petromidia Cogeneration Plant

KazMunayGas International (KMGI) plans to start the implementation of projects for the construction of a cogeneration plant at the Petromidia refinery in 2019 and to expand its retail network of gas stations stations in Romania, its main market.

Agricola Group Posts 10% Turnover Growth in 2018, to RON737M

Meat processor Agricola Group had a total turnover of approximately RON737 million in 2018, up 10% on the year, the company said Tuesday.

Wind Energy Output Adds RON180M to CEZ Profit

CEZ reported a net profit higher by RON181.66 million in 2016 compared with 2015, due to its wind energy output, the company said in a statement Tuesday.

Romanian OMV Petrom Swings To 3Q Loss

Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said it switched to a net loss of 116 million lei (EUR1=RON4.2862) in the third quarter, hurt by asset impairment at its Kazakh unit.

CME Rev Down 14% In 4Q 2009, EBITDA Down 45%

Net revenues of broadcaster Central European Media Enterprises (CME) decreased 14% in the fourth quarter of 2009, to $252.1 million, and its EBITDA (earnings before interest, taxes, depreciation and amortization) decreased 45%, to $44.1 million.

Romania To Earn RON1B Less Than Initially Estimated From Car Pollution Tax

Romania will earn around 630 million lei (EUR1=RON4.2119) this year from the tax on automobile pollution, RON1 billion less than the Government initially estimated, because of the severe drop in the number of car registrations.

Romania Petrom 3Q Net Pft At RON615M, Dn 2% On Yr

Romania’s largest oil company Petrom (SNP.RO) Tuesday reported a net profit of 615 million lei (EUR1=RON4.2968) in the third quarter, slightly down from RON626 million in the same period a year ago, on a 25% lower turnover.

CME 1H Revenues Down 38%, To $327.4M

Net revenues of Central European Media Enterprises (CME) decreased 38% in the first half of the year, to $327.4 million and the broadcasting company ended the first half with a net loss of $24.6 million over declining advertising markets, CME said in a press release Wednesday.

VIG 2008 Underwritten Premiums In Romania Up 47.1% YY, To EUR608.22M

Austrian insurance group Vienna Insurance Group (VIG) underwrote gross premiums worth a total EUR608.22 million on the Romanian market in 2008, up 47.1% from the EUR412.7 million reported in 2007, the company said in its annual earnings report.

CME EBITDA In Romania Up 20% On Yr In 2008, To $112M

Central European Media Enterprises (CME) reported earnings before interest, tax, depreciation and amortization (EBITDA) in Romania of $111.78 million last year, up 20% on the year, while the group’s total EBITDA increased 3.8%, to $345.68 million.

Romania’s Petrom ’08 Net Pft At RON1B, Dn 43% On Yr

Romania’s largest vertically integrated oil company Petrom (SNP.RO) reported a 1.02 billion lei (EUR1=RON4.2810) net profit in 2008, down 43% compared with the RON1.78 billion profit a year before, according to the company's preliminary results.

Romania’s Petrom 9-Mo Net Pft Up 48% to RON2.29B -2-

Romania’s oil company Petrom SA (SNP.RO) reported a net profit of RON2.29 billion in the first nine months of the year, up 48% compared with RON1.548 billion in the same period a year earlier, the company said in a statement Thursday.

Romania’s BCR 3Q Net Pft Soars 71.8% to RON1.24B

Romania’s largest lender Banca Comerciala Romana, or BCR, reported a net profit of RON1.247 billion in the third quarter, up 71.8% on the year compared with RON725.8 million in the same period a year earlier, the bank said in a statement Thursday.

Romanian Craiova Auto Plant 1Q Net Pft Dn 41% YY To RON261,164

Romanian state-owned auto assembly plant Automobile Craiova (AUCS.RO) Friday said its first quarter net profit was down 41% to 261,164 million lei (EUR1=RON 3.6645) from the same period a year before, the plant said in a statement sent to Rasdaq market.