losses
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Half of top ten pharmaceutical producers and distributors post losses
Headcount reduction steps, the halt to investments and the rising weight of OTC drugs have not helped preserve the profits of most producers and distributors operating domestically in 2008.
Five steel plants post 74 million-euro losses
The main players on the Romanian steel and metal market posted significant losses in the first half, with five plants seeing a total of 309.8 million RON (74 million euros) in losses.
Asirom posts 44m-euro losses in four out of the last five years
Several insurers ended last year with big losses because of the rise in reserves set up for auto liability insurance. Asirom, a part of Austrian group Vienna Insurance, and the third largest...
Ten private pension companies post losses of over 200m euros
Ten mandatory private pension administrators (2nd pillar) ended last year with more than 200 million euros in overall losses, amid significant costs with commissions paid to marketing agents...
Petrom reports record losses in last quarter: 340m euros
Petrom Bucuresti (SNP), the largest company in Romania, reported a net profit worth 1.022 billion RON (278 million euros) in 2008, the lowest in the last four years, after the company set up...
Provident increases capital by 17.4m euros to cover losses
Consumer loan company Provident has increased its share capital with a sum equivalent to almost 17.4 million euros in November last year, in order to cover operating losses recorded in 2007...
Carpatica registers losses in Q3
Carpatica Bank lost 1.47 million RON (0.4 million euros) in the third quarter of the year, according to data reported to the Bucharest Stock Exchange.
Bucharest Stock Exchange recoups a large part of October losses
The Bucharest Stock Exchange saw another significant rise yesterday, the fifth session of six in November that saw a rebound, after stock exchange indexes recovered a large part of the losse...
Farmexim revises forecasts for 2008
Businessman Ovidiu Buluc, in charge of drug distributor Farmexim, which derived turnover worth almost 150m euros last year decided in the third quarter of 2008 to restructure the company and...