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Articles - Rezultate financiare

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.

Romania’s retail turnover up 8.6 pct in H1, 2014

Romania’s retail turnover volume (excluding trade in motor vehicles and motorcycles) in the first half of 2014 grew by 8.6 percent, gross series compared to the first half of 2013, and by 8.2 percent as adjusted series for the number of working days and seasonality, according to data released on Monday by the National Statistics Institute (INS).

Immofinanz rental income down slightly in fiscal year 2013/14

Immofinanz posted rental income of EUR 47.1 million from its properties in Romania, in the fiscal year ended April 30, down 2.3 percent year on year.

Globalworth posts EUR 70 mln profit from Romania acquisitions

Real estate investment fund Globalworth, which was founded by Greek businessman Ioannis Papalekas and listed on the London Stock Exchange last year, posted a profit before tax of EUR 70 million for the first quarter of the fiscal year (January 1 to March 31, 2014).

Carrefour H1 profits up; sales increase in Romania

Carrefour, the world’s second-largest retailer, reported a 13.8 per cent rise in first-half recurring operating profit to EUR 833 million, driven by higher profitability in its core French business and in Brazil and Argentina, while China stayed under pressure, writes Mediafax.

AFI Cotroceni sales 10% higher than last year

Retailers’ sales from the commercial center AFI Palace Cotroceni, less Auchan hypermarket, grew by 10% in the first 6 months. End of the year estimates made by AFI Europe, the owner of the mall show a 5% advance to 215 million euro.

Tallest office towers in Bucharest currently underperforming

Sky Tower and Tower Center, the tallest office towers in Bucharest, had last year only EUR 2.4 million total revenues, although normally the revenues from rents of the two projects should have reached approx. EUR 12 million annually, according to ZF estimations.

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