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Articles - Financial results

Romanian call center dials up its turnover by 30%

Romanian call center Blue Point increased its business by 30% last year, posting a EUR 1.69 million turnover.

First Fiscal Semester Results for Immofinanz in Romania

Immofinanz registered increased revenues from rents locally in the first fiscal semester ended at 31st of October 2013, totalizing EUR 24.5 million, compared to EUR 23.6 million in the similar period of last year.

Owners of AFI Palace Cotroceni shopping mall in Bucharest foresee EUR 30 mln income this year

AFI Palace Cotroceni shopping mall in Bucharest, AFI Europe’s largest and most important asset, posted a net operating income of EUR 7.4 million in the third quarter of 2014 and of EUR 22 million in the first nine months, representing a year-on-year increase of 4%.

GTC registered revenues growth from renting commercial centres in Romania

Real estate developer GTC reported EUR 2.8 million from renting the three commercial centres in Romania, with 7 pct growth compared to the same level in 2013, on the background of a slight increase of the average rent and announced that it gave up some new developments, Romania included.

The revenues of Immofinanz, influenced by the departure of the tenants from the office buildings

Austrian group Immofinanz obtained in the first quarter of the fiscal year 2014/2015, from 1st of May to 31st of July, decreased revenues down to EUR 11.6 million from the renting of the 16 assets in Romania, as a result of the departure of the tenants from the office buildings in Bucharest, according to the financial report.

Romania, 4th CEE country by number of big companies

Romania is ranked 4th among countries in Central and Eastern Europe (CEE) according to the number of companies present in the Top 500 largest companies in the region edited by Coface and quoted by Mediafax.

Militari Shopping Center’s rental income drops 12.3 percent in first half

Property firm Atrium European Real Estate said Thursday its net rental income from the Militari Shopping Center in Bucharest fell 12.3 percent to EUR 3 million in the first six months, due to difficulties faced by do-it-yourself retailer Praktiker, one of its shopping outlet’s largest tenants, writes Mediafax.

The reconversion of City Mall to offices nearing completion

Greek businessman Ioannis Papalekas has another EUR 2.8 million to invest for the completion of the reconversion works of City Mall to office spaces, the project being scheduled for opening this autumn.

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