trending Market Intelligence /marketintelligence/en/news-insights/trending/4Gt9Tbc-gWab-P06ThSynw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Altur Q1 profit climbs YOY

Blog

ESG hits the mainstream for European private equity sponsors

Blog

What’s the Bottom Line: Credit Impact of COVID-19 on US Municipals

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcast

Episode 1: Origins of 451 Research - Part 1


Altur Q1 profit climbs YOY

Altur SA said its first-quarter normalized net income came to 361,220 lei, a gain from 17,100 lei in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 1.3% from 0.1% in the year-earlier period.

Total revenue increased 14.5% on an annual basis to 28.6 million lei from 24.9 million lei, and total operating expenses rose 12.6% year over year to 27.8 million lei from 24.7 million lei.

Reported net income totaled 824,390 lei, or 0 bani per share, compared to a loss of 2.6 million lei, or a loss of 0 bani per share, in the year-earlier period.

As of May 15, US$1 was equivalent to 3.88 Romanian lei.