Comelf reported for the first semester of this year a net profit of 1.948 million RON, rising by 61% from the same period of last year, according to a report sent to the Bucharest Stock Exchange (BVB).The company's revenues were worth 67 million RON after the first 6 months of this year, when comparing with 64 million RON during the first semester of 2020, rising by 5%, evolution determined by the advance of products' selling price, based on the increase of raw material price.The company had total expenses of 64.182 million RON during the first semester, higher by 3.67% from the first semester of 2020. The report mentions that these have gone up, when comparing with the first semester of 2020, in a proportion smaller than the rise of the revenues, influenced only by the price of raw materials, at an accelerated rate. Other expenses registered a drop, which managed to compensate the increase of the raw materials costs, based on a conservative management of all company's commitments on the side of costs.Comelf reported a profit before the corporation tax of 2.207 million RON, up by 61%. The company's gross result was influenced favorably by the company's costs, other than those with the raw materials, which registered a drop, so that a balance can be maintained between revenues and operational costs, with the purpose of a satisfying profitability, increase of the revenues, based on the increase of the cash price, with the purpose of an optimal recovery of the raw materials costs.Comelf is a manufacturing company in the car construction industry and its objective is manufacturing equipment for energy units and environment protection, metallic structures in the area of renewable energy (source: water, wind and sun), cars and earth-moving vehicles or subsets of these, equipment for lifting and transport machinery, including their components. The manufacturing takes place in 6 production buildings, on a total surface of 80,824 square meters, equipped with machinery, installations, tools for mechanic processing, laboratories and utility networks for carrying out the production processes.
Deloitte Romania assisted AQUILA, leader in the integrated distribution and logistics services for the fast-moving consumer goods market in Romania and the Republic of Moldova, in the acquisition of Romtec Europa, the company that produces car care fluids and aerosols. The transaction, valued at 3.2 million euros, was signed in December 2023 and completed recently, following approval from […]
CBRE Romania, the leader in providing commercial real estate services, launches an analysis regarding the business potential and alternative investment and development opportunities in Timiș County. According to the analysis, Timiș stands out as a vital centre of Romanian agriculture, ranking first in agricultural area with 693.034 hectares and second in organically cultivated land area. […]
By the end of 2024 the stock of modern retail spaces will overpass 4.5 mln. sq. m setting a new record for Romania. Circa 186,000 sq. m could be added to country’s modern retail stock if taking into consideration under-construction projects. The popularity of the specialized format is noticed in the forecasted developments, claiming 95% […]
The average office fit-out costs have increased by around 15-20% during the past 12 months, but they still remain among the lowest in the Central and Eastern Europe (CEE), according to data from the Cushman & Wakefield Echinox real estate consultancy company. With an average level of €943 per sq. m of office space, the […]
Romania is present at the 10th edition of the EU-Startups Summit in Malta, the biggest event for tech startups in Europe, through RoTechMission, a delegation organized by DiFine PR, Techcelerator and ROTSA (Romanian Tech Startups Association). More than 2,000 people, including 1,000 entrepreneurs and 300 investors, will attend the event, which takes place from May […]
AeroVacanțe, part of the Aerotravel group, is betting in 2024 on new destinations, more accessible for Romanians, as a result of the growing demand for holidays in new destinations untouched by mass tourism. Thus, the agency introduces for this summer 14 charter flights to Lesbos, the third largest island in Greece, where the costs of […]
