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.
ASFAT, a wholly state-owned company operating under Türkiye’s Ministry of National Defence (MoND), has signed an agreement for the delivery of the light corvette Akhisar to the Romanian Naval Forces. This transaction represents a milestone for Türkiye’s defence industry, as it is the first international sale of a combat ship built in Türkiye to a […]
Wind projects with a total capacity of almost 316 MW have been declared winners in the third auction under the Contracts for Difference (CfD) scheme, above the minimum threshold set by the Ministry of Energy, according to sources quoted by Economica.net. The third auction was organised because of insufficient projects approved under...
Fitch Ratings has affirmed the long-term Issuer Default Rating (IDR) of Romania-based, state-owned bank CEC Bank at BB/stable, its Viability Rating (VR) at bb, and Government Support Rating (GSR) at b, based on the bank's moderate, albeit strengthening, business profile, adequate capitalisation, and reasonable funding and liquidity. This puts the Romanian bank's rating two notches […]
Romania's Ministry of Transport blocked a key procedural step required for the listing of Bucharest Airports Company on the Stock Exchange (BVB) after opposing an item on the shareholders' agenda concerning the resumption of the auditor selection process. The vote took place at the end of November, following a request by Fondul Proprietatea, which holds […]
Romania has begun work on a specialised production facility in Măgurele, near Bucharest, that will manufacture laboratory-grade mirrors and lenses, including components for the world’s most powerful laser hosted at the adjacent research centre, Digi24 reported. The...
The Treasury set a coupon of 6.55% for the 2-year state bonds on sale in the primary retail market in December, 40 basis points from 6.95% paid in November, and 65 basis points lower compared to October. The coupons for the other maturities have decreased accordingly to 7.1% for the 4-year maturity (-25 bp from […]
