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Romanian RCS&RDS parent Digi swings to net profit in Q1 Digi CEO Serghei Bulgac
BUCHAREST (Romania), May 17 (SeeNews) - Digi Communications [BSE: DIGI], majority owner of Romanian company RCS&RDS, turned a 14 million euro ($17 million) profit in the first quarter of 2021, compared to a 56 million euro net loss in the same period last year.
Total revenues rose 8.6% on the year in the period under review, reaching 340 million euro, Digi said in a preliminary financial statement filed with the Bucharest Stock Exchange, BVB, on Friday.
Total operating expenses for the first three months of 2021 increased to 30.7.6 million euro, compared to 277.9 million euro in the same period of 2020, while net finance costs decreased to 26 million euro, from 98 million euro.
OMV Petrom closes the divestment of the production assets in Kazakhstan
édité le 17/05/2021 - Plus de news de OMV Petrom - Voir la fiche entreprise de OMV Petrom
OMV Petrom, the largest energy company in Southeastern Europe, announces the closing of the sale transaction for its 100% shareholding in Kom-Munai LLP (KOM) and Tasbulat Oil Corporation LLP (TOC) in Kazakhstan to MAGNETIC OIL LIMITED. KOM and TOC hold the production licenses for four onshore fields, respectively Komsomolskoe, Aktas, Tasbulat and Turkmenoi.
The transaction is part of OMV Petroms strategy to focus its regional expansion towards the Black Sea area in search of the most profitable barrels. OMV Petrom announced the signing of the transaction on December 29, 2020 and managed to close it in record time, a notable achievement particularly in the difficult pandemic context. The impact from the transaction on OMV Petroms operational indicators is limited, as Kazakhstan operations represented only a small
Romania s Sphera Franchise swings to net profit in Q1 Source: Sphera Franchise Group Q1 financial report
BUCHAREST (Romania), May 17 (SeeNews) - Sphera Franchise Group [BSE:SFG], the manager of KFC, Pizza Hut and Taco Bell brands in Romania, turned a net profit of 469,000 lei ($115,725/ 95,216 euro) in the first quarter of 2021, compared to a 9.55 million lei net loss in the same period of 2020, it said on Monday.
Although all three markets of the group s activity continued to struggle with the growing number of COVID-19 cases and the restrictions resulting thereof, consolidated sales increased by an annual 6.6% to 211.4 million lei in the first three months of 2021, Sphera Franchise Group said in a statement filed with the Bucharest Stock Exchange, BVB.