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.
Vodafone Romania acquired Telekom Romania Mobile Communications on 1 October 2025 and has begun the phased integration of operations, systems and Telekom's network. The merger of the two companies is scheduled for the end of 30 June 2026.
Enexus has signed an EPC contract to develop a 75 MWp photovoltaic power plant in Alba Iulia with Compeador Construct, a subsidiary of Astor RO Energy, the Romanian investment vehicle of Turkish group Astor Enerji.
The world economy loses around €25.4 trillion in value annually, equivalent to almost 31% of global GDP, due to inefficient resource management, according to a report conducted by Deloitte and Circle Economy. This means that for every three euros created, one euro is lost.
Romanian energy group Electrica recorded a 58.2% surge in net profit for Q1 2026, driven by a transition back to competitive market mechanisms following the removal of price capping schemes.
American industrial real estate developer Mega Company has completed a new temperature-controlled warehouse spanning 4,500 sqm at its Mega MDO Logistics Park in Chiajna, Ilfov County. The investment totalled approximately €10 million.