trending Market Intelligence /marketintelligence/en/news-insights/trending/SPKFItRjF0_6_gQBe4aC4w2 content esgSubNav
In This List

SC Conted Q2 profit climbs YOY

Case Study

A Green Lender Adopts a Robust Approach for Assessing Project Finance Credit Risks


MediaTalk | Season 2
Ep.1: Broadcast's Big Year


Global M&A by the Numbers Q4 2023


Banking Essentials Newsletter 21st February Edition

SC Conted Q2 profit climbs YOY

S.C. Conted SA said its normalized net income for the second quarter amounted to 41 Romanian bani per share, an increase from 7 bani per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 98,750 lei, a gain from 16,170 lei in the prior-year period.

The normalized profit margin increased to 2.8% from 0.5% in the year-earlier period.

Total revenue increased year over year to 3.6 million lei from 3.5 million lei, and total operating expenses fell from the prior-year period to 3.4 million lei from 3.5 million lei.

Reported net income rose on an annual basis to 131,050 lei, or 54 bani per share, from 18,880 lei, or 8 bani per share.

As of Aug. 16, US$1 was equivalent to 3.96 Romanian lei.