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Articles - Rezultate financiare

Immofinanz rental income in Romania stable

Immofinanz posted its financial results for the first three quarters of the 2015/16 financial year, with rental income in Romania standing stable at EUR 34 million. This represents 14.3 percent of the group’s total rental income.

Revenues of AFI Europe in Romania up to EUR 39.4 million last year

Revenues of AFI Europe from renting the shopping centres AFI Palace Cotroceni and AFI Palace Ploiești, as well as the first three buildings within AFI Park office complex totalled last year EUR 39.4 million, up with 7 pct. compared to 2014, according to the company’s financial statement.

COS, leading specialist in workplace consultancy, design and fit-out, estimates a turnover increase of 25% in 2016.

COS (Corporate Office Solutions), the first fully integrated office design & build specialist in Romania, recorded a 16.2million Euros turnover in 2015, with an increase of 2% compared to last year. The increase marks an all time high sales record for the company in its 18 years on the Romanian market. The estimated result by the end of the year is 20 million Euros, with a 25% increase, compared to 2015.

Romanian properties bring 14 pct of Immofinanz income in first half of financial year

In the first half of the 2015/16 financial year, rental income from the Romanian properties of the Immofinanz group reached EUR 22.2 million, accounting for 13.9 percent of the developer’s total rental income. The numbers were stable, with the previous period registering EUR 22.5 million in income, group representatives inform.

BCR Real Estate Management covers loss by reducing capital

BCR Real Estate Management, a subsidiary of the Romanian Commercial Bank (BCR), the largest local bank, will diminish its social capital with 118.34 million lei, to 42.84 million lei, in order to cover the loss registered in the beginning of this year.

AFI Europe Romania posts EUR 30 mln net operating income at nine months

AFI Europe Romania posted a net operating income (NOI) of EUR 10.2 million in Q3 and close to EUR 30 million in the first 9 months of 2015, according to the company’s financial data, showing an 8,2 percent increase in results y-o-y.

Papalekas’ s real estate portfolio exceeds EUR 830 million, with 46 pct. growth

Globalworth Real Estate Investments Limited, company controlled by the businessman Ioannis Papalekas, reached in the end of September a total value of its Romanian market assets of EUR 831.8 million and obtained net operational revenues of EUR 20.1 million, more than 2.6 times higher than last year.

Romanian entrepreneurs score profits, multinationals record losses

Multinationals recorded a profit balance (cumulated profits minus cumulated losses) of RON 2.5 billion (EUR 564 million) in Romania, between 2008 and 2014, whereas companies controlled by local entrepreneurs made RON 55 billion (EUR 12.4 billion) in the same period.

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