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Study: More than half of small enterprises in Romania had no profit in 2018
Over half (55.4%) of companies in Romania with businesses between 50,000 and 250,000 euros recorded profit in 2018, according to a specialized study, released on Tuesday.
According to data centralized by Instant Factoring, of 525,000 companies analyzed more than half had profit (291,000). The difference is competed by losing companies – 35%, 184,000 and by those with zero net incomes (10%- 51,000 companies).
At 2018 level, the net result of small companies was 16.6 billion lei in 2018, while the most performing sectors were professional activities with 23%of total, constructions (10.6%) and IT&C (9%).
At the same time, companies with business figures between 50,000 and 250,000 euros had the best net result of 9.7 billion lei, that is 58% of total.
At the opposite pole, companies with zero business figure recorded a net negative result of 1.9 billion lei in 2018.
The gross result of small companies was 18.3 billion lei at the end of 2018. 57% of the gross result was generated by companies with business figure between 250,000 and 500,000 euros, with a share of 37% and by companies with business figure of 50,000 euros, representing 6% of total.
According to the source, companies with business figure lower and equal to zero recorded a gross loss of 1.9 billion lei.
Instant Factoring is the first online fintech factoring company in Romania devoted to small companies and a member of the European Association of Fintech Innovate Finance based in London.
The company was an IFN recorded by the National Bank of Romania and two-times winner of Central European Startup Awards “Startup of the Year”and “Best Fintech Startup”, in 2018.