Agriculture | 31 May, 2024 at 5:33 PM
Agroland Business System posts revenues of RON 74.5 million in Q1 2024
Operating profit amounted to RON 5 million, a 29% increase over Q1 2023, while net profit was RON 2.2 million, a 62% rise.
Operating profit amounted to RON 5 million, a 29% increase over Q1 2023, while net profit was RON 2.2 million, a 62% rise.
The retailer's sales reached £63 million, up 12.3% on the previous year and up 14.7% on a like-for-like basis at constant exchange rates.
The first quarter of 2024 ended with real estate investments in Romania totalling €202 million, up 69% compared to the first three months of 2023.
tbi bank's consolidated unaudited financial results for the first quarter of 2024 show net profit of €11.3 million – almost 40% higher than the profit in Q1 2023.
MOL Group Profit before tax reached $382 million in the first quarter of 2024, 18% and 29% lower quarter-on-quarter and year-on-year.
Capital ratio climbed to 23,36% underscoring the institution's financial strength, providing a solid foundation for future growth and stability.
One United Properties posts a consolidated turnover of €84.3 million for Q1 2024, a 5% decrease compared to Q1 2023.
In the first quarter of 2024, at the individual level, cybersecurity services contributed 30% to total turnover, and implementing cybersecurity solutions contributed 70%.
The showroom in Bucharest continued to have a positive impact on business development in the first quarter, after generating around 10% of turnover in 2023.
At the same time, it continued to support SMEs and accelerated investments to launch new functionalities in the mobile banking application.
BRD individuals' loan production touched a new record level, RON 2.35 billion in Q1 2024, +43% YoY, building on consumer loans' best quarter ever, with a growth of +51% YoY.
The top real estate segments attracting the most investments are retail, hotels second and industrial third.
In Q1 2024, 92 apartments with a total surface of 10,618 sqm, 228 parking spaces and other unit types were sold and pre-sold.
The first significant news is the acquisition of CODA Intelligence, a Romanian startup specializing in cybersecurity solutions, by PDQ, with complementary products to CODA.
During the first three months of 2024, the Romanian mergers and acquisitions (M&A) market recorded 63 transactions.
Energy company Electrica informs investors and the capital market that it has obtained the technical grid connection permits (ATR) for 17 new battery energy storage projects (BESS), with a total capacity of approximately 700 MWh.
The European Retail Banking Radar, Kearney's latest study now in its 18th edition, shows that Europe is entering a period of normalisation following the conditions of 2023–2025. For Romania, the challenge extends beyond the normalisation of interest rates.
Digi Spain has announced its intention to launch an initial public offering (IPO) on the Spanish stock exchanges, aiming to raise approximately €150 million.
Romania's national electricity transmission network operator, Transelectrica, has halted scheduled maintenance shutdowns to ensure the grid operates at maximum capacity during an ongoing extreme heatwave. The preventive measures aim to mitigate operational risks associated with severe weather conditions.
The European Commission has approved, under EU State aid rules, Romanian measures for the national investment and development bank Banca de Investiții și Dezvoltare (BID).