Zentiva drug manufacturer registered a net profit of 143.025 million RON in the first half of this year, 97.7% higher than the one obtained in the same period of 2023, according to the data sent to the Bucharest Stock Exchange on Friday.(1 euro = 4.9769 RON)The company's turnover increased by 22.3%, from 450.6 million RON in the first six months of 2023 to 551.3 million RON in the first half of 2024, mainly due to the increase in sales of goods by 24%.External sales represented 39.98% of the total turnover (220.38 million RON), compared to 51.65% in the period January-June 2023 (232.76 million RON). The external sales of medicines were made through a company within the Zentiva Group (Zentiva k.s.) and were mainly intended for the markets of the European Union.The share of OTC products (medicines sold without a prescription) in the company's sales was 4.2% in the first semester of 2024, compared to 3.6% in the same period of 2023.Operating expenses increased by 5.5%, to 406.8 million RON. The variation in operating income and expenses led to an operating result for the first six months of 2024 of 144.6 million RON, compared to 65.2 million RON in the first half of 2023.During the mentioned period, the investments were 20.1 million RON and aimed at new production equipment and the modernization of the existing ones.The company, previously known as Sicomed SA Bucharest, was founded in 1962 as the Bucharest Medicines Company (IMB). In 1990, Sicomed became a joint-stock company, by incorporating and taking over the entire patrimony of the former IMB. The main object of activity is the production and sale of preparations and medicines for human use.Zentiva shares are traded in the Standard Category of the Bucharest Stock Exchange since 1998. Zentiva Group a.s. owns 95.9486% of the company's share capital.
HiSky will launch direct flights between Bucharest and Chicago in June 2026, expanding its transatlantic network two years after introducing its New York route. The service resumes a direct link suspended 24 years ago, the company said. The new route will be operated twice weekly, on Thursdays and Sundays, with the first flight scheduled for […]
EVERGENT Investments Group reached a record level of RON 3.72 billion (EUR 744 mln) in assets under management as of June 30, 2025, up 7% compared to December 31, 2024. The financial performance achieved confirms the resilience of the business model amid heightened domestic uncertainties. The Group’s performance indicator, the net result of RON 195.5 […]
Visual Fan, initially known for the low-cost phones assembled in China, later expanding in various tech markets including consumer electronics, EV imports and PV panel installation, announced the launch on the Romanian market of a new brand of washing machines powered by artificial intelligence. "Our vision is to transform Allview into a brand that offers […]
OMV Petrom, the second largest company listed on the Bucharest Stock Exchange, announced on September 16 that the Board of Directors proposes to shareholders the distribution of a special dividend in a gross value of RON 0.0200 per share, equivalent to approximately RON 1.246 billion (EUR 250 million). The company’s market capitalisation reached RON 53 […]
However, prices and lack of information discourage Romanians from making such purchases. More than half of Romanians (52%) say they adopt sustainable behavior in their daily lives and 53% frequently buy sustainable products, according to a study conducted by the BUCHAREST CENTER FOR ECONOMY & SOCIETY (CES Bucharest). The most sought-after sustainable products are food, […]
Romanian telecommunications group Digi Communications said on September 16 that it does not intend to cede control of any of its subsidiaries, including Digi Spain, amid reports that it is preparing the Spanish unit for a stock market debut in 2026, Profit.ro...
