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Articles - Financial results

The revenues of the commercial centres in Romania could grow with 3.5 pct. in 2014

The revenues of the commercial centres in Romania could register an average growth of 3.5 pct. in 2014 on the background of the increasing consuming appetite of the Romanians, said on Wednesday Robert Maxim, managing partner Ensight Management Consulting, in a specialized conference.

Constructor Straco, EUR 140 million turnover, EUR 0.2 million profit

Bucharest’s constructor Straco Grup, controlled by the brothers Alexandru and Traian Horpos, ended last year with a turnover of 616.5 million lei (EUR 140 million), with 29% down compared to 2012.

Metav Bucureşti will give 5.8 million lei dividends this year

The shareholders of the real estate company Metav Bucureşti (METV), the company which manages the industrial park Metav Business Park near Baneasa airport, owned by the businessman Gabriel Popoviciu, have approved in the general assembly the proposal of the administration council regarding the distribution of dividends valuing 5.76 million lei from the 6.1 million lei profit registered last year.

Popoviciu and Dimofte, net profit exceeding EUR 10 mil from Băneasa

The company Băneasa Developments, used by the businessmen Gabriel Popoviciu and Radu Di­mofte to control the commercial zone of Băneasa project in Northern Bucharest, has registered last year a net profit of EUR 10.3 million and a turnover of EUR 41.6 million, with almost 25% net gain margin.

Huge losses may push bauMax out of Romania

DIY retailer bauMax is considering closing down its stores in Eastern Europe, including the units it has in Romania, according to the German newspaper “Die Presse”, quoted by economica.net.

Obi retailer planning to leave Romania

German DIY retailer Obi is preparing a withdrawal from the Romanian market this year after registering losses each year starting 2008, when it opened its first Romanian store, people close to the matter told MEDIAFAX.

Buildings of Millions Euros: Immofinanz Revenues Are Growing

Immofinanz registered in the first nine months of the fiscal year 2013/2014 EUR 36.2 million revenues from renting the 17 projects in Romania, with a slight growth. The occupancy rate of the office buildings decreased in the analyzed period, while the vacancy rate of the malls has decreased.

CA Immo revenue slightly down in 2013

Austrian group CA Immo, one of the biggest office developers in Bucharest and owner of the biggest logistic park near the Romanian capital, collected rent worth EUR 30.4 million last year, a small drop compared to 2012 (EUR 30.6 million), according to the financial report released the company.

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