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.
The 19th edition of TIFF Sibiu, one of the local editions of the Transilvania International Film Festival (TIFF), the largest film event in the county, will present a program of international films and the latest productions by Romanian fillmakers, who will attend the event. The festival takes place between August 7 and August 10, with […]
Moldovan carrier Flyone will add a route between Bucharest and Munich starting in October. The flights to Munich will be operated on Mondays, Wednesdays, and Fridays. This adds to the flights it has connecting the Romanian capital to Tel Aviv, Brussels, and Verona. With these routes, the airline is responding to the constant demand from […]
The Romanian government has sent the European Commission a portfolio of projects for the development of the defense industry and the increase of military mobility. The proposals are meant to secure funding through the EU’s Security Action for Europe, or SAFE, initiative. According to the government’s press release, “approximately 70% of the projects...
Romanian electricity distributor and supplier Electrica listed the largest issue of green, corporate, and non-financial bonds on the Romanian capital market, reaching a total value of EUR 500 million, on July 30. The bonds, with the stock symbol EL30E, are registered, non-convertible, unsecured, denominated in euro, have a nominal value of EUR 1,000 each, and […]
Dracula Film Festival, the event dedicated to horror and fantasy film, has opened the call for entries in its four competition sections. The festival runs four competition: Dracula Trophy, an international feature film competition; Little Dracula, an international short film competition; Vladutz, a Romanian short film competition; and Dracula Digital, a competition dedicated to young […]
Investment firm Mozaik Investments has acquired a majority stake in Genesis College, a large private educational institution in Bucharest. After receiving all approvals, Mozaik will provide growth capital to accelerate the development of the educational network through investments in new campuses and the expansion of schooling capacity, as well as the development of the International […]
