profits
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Property Fund''s first profits total 200m euros
The Property Fund established at the end of last year has already made a profit of approximately 200 million euros, at least on paper, for those that will get shares as compensation for the...
Three SIFs post impressive full-year profits
The three financial investment companies (SIF) to have announced results for 2005, Oltenia, Banat-Crisana and Moldova posted higher profits than originally budgeted. Top profit maker last ye...
Banks make 470 million-euro profits nine months into the year
The net profits made by commercial banks in the first nine months amount to 1.7bn RON (more than 470 million euros), the same as the profits of the banking system for the whole of 2004, acco...
Petrom to post half a billion-euro profits
Less than a year has passed since the privatisation of the largest company in Romania, and Petrom could already post more than half a billion euros in net profit, a record high for any compa...
Flamingo managers cash in on their profits
Some of the managers of the IT&C holding Flamingo International have recently sold their stakes, thus cashing in on their profits from the floatation of this company. Anca Liana Barbu, one o...
Thriving Petrom posts nine-month profits of 389 million euros
Petrom expects to make 10.97bn RON (some 3.07bn euros) in turnover in 2006 and net profit of 1.97bn RON (some 552 million euros), a company release shows. The 2006 indicators were calculated...
Higher expenses keep Policolor''s profits in check
Paint producer Policolor Bucharest posted net profits of 6.6 million RON (1.83 million euros) in the first nine months of the year, up 7% in euros due to the appreciation of the RON against...
AIG Romania profits up 24% in first nine months
Fire and natural disaster insurance has boosted the business of AIG Romania to 17.7 million euros (64 million RON) in the first nine months of the year. The Romanian general insurance branch...
Artrom posts 4.2m-euro profits
Piping maker Artrom Slatina, which is part of the Russian TMK Group, the second leading manufacturer of pipes in the world, made net profit of 15.1 million RON (4.2 million euros) in the fir...