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Articles - Rezultate financiare

AFI Palace Cotroceni revenue up 6.7 percent, to EUR 7.3 mln

Shopping mall AFI Palace Cotroceni reported a net revenue increase of 6.7 percent in Q1 2014, up to EUR 7.3 million. The owners estimate that they will reach a figure of EUR 29 million at the end of the year, similar to their results last year.

NEPI, nearly 20 pct. higher profit in 1Q

The investment fund New Europe Property Investments (NEPI) registered a net profit of EUR 13.3 million in the first quarter of this year, with 18.6 pct growth compared to the same period of last year, according to a company’s report.

Metro sales down in the first fiscal quarter in Eastern Europe

Metro Cash & Carry sales in Eastern Europe went down 4.3 percent in October – March, Q1 of fiscal year 2013-2014, to EUR 5.83 billion, primarily on account of unfavorable variations in foreign exchange rates. The drop manifested in Romania also.

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.

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