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Holde Agri Invest posts a 193% increase in revenue in the first six months of 2021

Wednesday, September 8, 2021

Holde Agri Invest SA, a Romanian company operating farmland, reports revenues of 14.9 million lei in the first half of 2021, a 193% increase compared to the same period last year.   In the first half of the year, the company made investments totaling 26.1 million lei, financed from own sources and borrowed capital, to modernize existing farms and expand the operated land area.For the entire 2021 year, the company estimates ...

Tarom accumulates another EUR 35 mln of losses in H1

Wednesday, September 8, 2021

Romanian state-owned airline Tarom reported a net turnover of RON 232 mln in the first half of 2021 (H1), slightly higher than the result recorded in the same period last year, according to data published by the company. The loss for the first semester was RON 176 mln (EUR 35 mln).   Tarom’s revenues edged up marginally by only 2.5% year-on-year in H1. Operating revenues increased by 13% to RON 269 ...

Steel mill Liberty targets 50% increase in output to 3 mln tonnes

Wednesday, September 8, 2021

Integrated Romanian steel mill Liberty Galati, formerly known as Sidex Galati, targets a production of 3 mln tonnes of steel in 2021, 50% more compared to the output of about 2 mln tonnes of steel in 2020, a company official ...

Bosch Invests Around EUR 55 M In A Third Production Facility In Cluj

Wednesday, September 8, 2021

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Bosch is officially opening the third production facility in Cluj, within the factorywhere electronic control units for electric vehicles are produced. The investment for the 34,500 sq m facility amounted to 55 million euros, says the German company. The factory was opened eight years ago and the total investments totaled over 450 million euros.   The new building has a total built area of 34,500 square meters. The factory ...

 iBanFirst opens office in Bucharest, the first in the CEE region

Wednesday, September 8, 2021

iBanFirst, one of Europe’s fastest-growing fintech companies, is expanding into Central and Eastern Europe by opening its first office in the region, in Bucharest. The company expects to attract 500 clients to its trading platform in its first year of activity in the Romanian market, and a support team of 20 consultants.   iBanFirst operates a powerful online platform that enables companies to conduct fast, ...

Promateris reports a 60% increase in turnover

Wednesday, September 8, 2021

Promateris (BVB: PPL), a Romanian industrial group and leader in the CEE region in producing biodegradable and compostable packaging, recorded a consolidated turnover of 17 million euros in the first six months of 2021, 60% higher compared to the same period of last year. The group, which also includes Biodeck (packaging distribution company), reports a consolidated EBITDA of over 2.8 million euros, registering a 106% increase compared to the first half of ...

Banca Transilvania Group posts 1.015 bln lei in H1 net consolidated profit

Wednesday, September 1, 2021

Banca Transilvania Group's net consolidated profit for the first half of 2021 stands at 1.015 billion lei, up 47.2 percent compared to the same period last year, with the bank's profit standing at 901 million lei (48.3 percent higher YoY), the group said in a report to the Bucharest Stock Exchange.Subsidiaries and other capital investments contributed over 114 million lei to BT Group's profitability.The assets of Banca Transilvania Financial Group ...

IAR Brasov posts net profit increasing by almost 19% in H1

Wednesday, September 1, 2021

 IAR Brasov made a net profit of 18.287 million lei in the first half of this year, up 18.7% from the same period last year, according to a report sent to the Bucharest Stock Exchange on Tuesday.The company achieved a net turnover of 167 million lei, in the first 6 months of this year, higher by 5.47% compared to the one achieved in the first half of 2020.The company's operating expenditures in the first half of this year were 138.866 ...

Sphera Franchise Group ends the first semester with sales of 444.5 million lei

Wednesday, September 1, 2021

• Sphera Franchise Group ended S1 2021 with restaurant sales of RON 444.5 million, up 46% compared to S1 2020. • The Group's consolidated sales in the second quarter increased by 119%, compared to the second quarter of last year, reaching RON 233.1 million. • KFC Romania and KFC Moldova ended the first semester with EBITDA of RON 38.4 million, respectively 0.8 ...

Posta Romana sees growth in first half of 2021

Wednesday, September 1, 2021

Posta Romana (Romania’s state-owned postal operator - Romanian Post) recorded a turnover of RON 688 mln (EUR 140 mln) in the first half of this year, up by almost 12% compared with the same period of ...

One United Properties posts turnover of RON 434 M in the H1 of 2021

Wednesday, September 1, 2021

  One United Properties, a  green developer of residential, mixed-use and office real estate in Romania, posted a record turnover of 434 million lei in the first six months of 2021, a 96% increase compared to the same period of 2020. The company, which floated on the Main Market of the Bucharest Stock Exchange in July 2021, registered a 267% surge in net profit compared to the first six months of last year, as the bottom line reached 147.5 million ...

Bittnet Group posts RON 2 M gross profit in H1 of 2021

Wednesday, September 1, 2021

Bittnet (BNET), a group of IT companies listed on the Main Market of the Bucharest Stock Exchange, posts consolidated turnover of 48 million lei in the first half of 2021 and a gross profit of 2 million lei, up by 57% compared to the same period of last year. During the first six months of 2021, the company carried out eight M&A transactions, two of which were cross-border, to consolidate its position in software development, training, and cybersecurity ...

Farmec recorded a turnover of 135 million lei in the first 6 months of 2021

Wednesday, September 1, 2021

Farmec, one of the largest Romanian companies on the market, recorded a turnover of 135 million lei in the first six months of this year, slightly higher than the same period of last year. The result was boosted by sales in the face care and cleaning categories, whose cumulative volume represented approximately half of the turnover, achieved in January-June. Sales in the face care category reached 32.5 million lei, 11.5% higher than in the same period of the previous year, ...

Safetech Innovations becomes a cybersecurity auditor

Wednesday, September 1, 2021

Safetech Innovations, a Romanian cybersecurity company listed on the AeRO market of the Bucharest Stock Exchange, receives the cybersecurity auditor accreditation for essential operators, based on Law 362/2018 on ensuring a high common level of security of networks and information systems, from the National Centre of Response to Cybersecurity Incidents (CERT-RO), the competent national authority for the network and information systems security. Following the accreditation, ...

Almost 7,000 companies suspend activity during first 7 months of 2021

Wednesday, September 1, 2021

The number of companies that suspended their activity was 6,945 during the first 7 months of 2021, going up by 12.43%, when comparing with the similar period of last year, according to the data published by the National Trade Register Office (ONRC).By activity areas, the largest number of suspended companies was registered in retail and wholesale, repair of motor vehicles and motorcycles, namely 1,959 (+14.96%), other service activities - 776 (+14.79%) and in ...

Impact real estate developer becomes unicorn

Wednesday, September 1, 2021

 Impact Developer & Contractor (IMP) on Thursday joined the club of the large Romanian companies with over one billion lei market capitalisation, the company informs in a release .Impact shares ended Wednesday's trading meeting at a rate of 0.640 lei, with an increase of 4.07 pct compared to the previous meeting, which led to a capitalization of 1,008,000,000 lei.According to the press release, since the beginning of the year and with caution ...

IMPACT decides to increase the share capital for the expansion at national level

Wednesday, August 25, 2021

Impact Developer & Contractor (IMP) takes another step in the national expansion strategy and decides to increase the share capital. The decision was taken unanimously by 93.08% of the company's shareholders with voting rights within AGEA and consists in delegating and authorizing the Board of Directors to increase the share capital within one year, through one or more issuances of ordinary shares, with a nominal value of up to 193,750,000 ...

Transport Trade Services revenues up by 9 pct in H1, 2021, to almost 274 million lei

Wednesday, August 25, 2021

TTS (Transport Trade Services), one of the largest freight carriers in the Danube basin, obtained in the first half of 2021, a consolidated net profit attributable to shareholders of 24.6 million lei, up by 42.5% compared to the similar period of 2020, informs a company press release sent on Tuesday.Total revenues rose to 274 million lei, up 9.5% compared to the same period last year."The result was supported by the increase in revenues from the River Transport and ...

Comelf reports 1.948 million RON net profit in first semester, rising by 61%

Wednesday, August 25, 2021

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Comelf reported for the first semester of this year a net profit of 1.948 million RON, rising by 61% from the same period of last year, according to a report sent to the Bucharest Stock Exchange (BVB).The company's revenues were worth 67 million RON after the first 6 months of this year, when comparing with 64 million RON during the first semester of 2020, rising by 5%, evolution determined by the advance of products' selling price, based on the increase of raw material ...

Number of deregistered companies up by over 34 pct in first seven months of 2021

Wednesday, August 25, 2021

The number of companies deregistered nationwide increased by 34.14% in the first seven months of 2021, YoY, to 37,667 deregistrations, according to statistics from the National Trade Register Office (ONRC).Most deregistrations were registered in Bucharest - 6,048 (plus 39.71% compared to January-July 2020) and in the counties of Timis - 1,781 (plus 51.70%), Cluj - 1,636 (plus 24.70%) and Constanta - 1,603 (plus 31.29%).The counties with the fewest deregistered ...

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