profits
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Romcab profits soar
Electrical wiring maker Romcab Targu-Mures, part of the Paneuro Group, concluded 2003 with more than 50% growth in net income, to 6.3bn ROL, compared with 4.1bn ROL a year ago. The turnover...
SIFs log growth, regardless of actual profits
The profits of some of the financial investment companies (SIF) underwent significant changes last month, going either up or down, compared to November. On the other hand, the SIF shares on...
Retail banking boosts profits
The boost in lending, triggered by the declining interest rates, can be seen in the Romanian-based banks' first-half global results. Those banks that chiefly focused on retail (Raiffeisen Ba...
Ilefor: lower costs prompt profits
Targu-Mures based furniture plant Ilefor, a member of Mobexpert group, registered H1 revenues standing at 139.8 billion ROL ($4.2m), down 3.5% since last year. Nevertheless, the company's ne...
Sicomed sees bigger profits, receivables
The upward trend posted by drugmaker Sicomed Bucharest in the first quarter of 2003 has continued throughout April-June. High receivables, though, which almost equal turnover, remain the com...
Government subsidies bring soaring profits to fertiliser producers
The government programme aimed to subsidise the acquisition of fertilisers by the small farmers is beginning to show results. Crops have not reached record-highs, though. The effects are see...
Fiercer competition and bigger investments push banking profits down
"In the years to come, inflation will drop and profit margins will shrink so that, unless volumes increase, the banks' earnings will be endangered." This statement belongs to National Bank o...
Euro appreciation boosts Den Braven profits
The local branch of the Holland-based Den Braven Group, which operates on the polyurethane foam and professional insulator market made about 300,000 euros in gross profit in the first half,...
Half-year profits in five months for SIF
Four of the financial investment companies (SIF) posted five-month profits far higher than of half of the full-year estimates in their S&R budgets. The fifth of them, SIF Moldova, lagged beh...