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Steel Co. and Mobile Telephony Most Profitable in '04
Ispat Sidex Galati, Orange Romania and MobiFon were the most profitable large companies in 2004, according to the national list of private companies presented last week by the National Council of Private SMEs in Romania (CNIPMMR).

The first classified, at large companies, Ispat Sidex Galati, Orange Romania and MobiFon posted profits up to ROL 13,745.8 bln., ROL 9.748 bln. and ROL 8.150 bln respectively.

The most profitable large businesses made profits totaling over ROL 30,000 bln.

Last year, the largest medium companies, according to CNIPMMR criteria used in working out the top, were BCR Leasing, located in Bucharest, with a gross profit of ROL 211.2 bln.

The second position was awarded to Datatim, with ROL 201.4 bln., while Hungastro Sfantu Gheorghe lost one position as against one year ago, ranking third, with a gross profit of ROL 178.5 bln.

The first positions among small companies were awarded to Fortum Engineering Romania, based in Bucharest, with a gross profit amounting to ROL 187.2 bln in 2004, Metal Galati, with a gross profit of ROL 182.9 bln and Winmarkt Bucharest, which retains the position held in the previous edition of the top, with ROL 157.4 bln.

Vest Trade & Consulting, based in Bucharest, ranked the first among micro-enterprises, with a gross profit amounting to over ROL 235 bln., followed by two companies also from Bucharest 0 TFM and Francredit, with a gross profit amounting to ROL 234.2 bln. and to 204.9 bln. respectively.

“Small and medium sized companies account for 85% of the private sector in Romania.

This top shows the performance degree of this sector in 2004,” according to Ovidiu Nicolescu, CNIPMMR president.

In working out the classification, the criteria considered were gross profit, average number of employees and turnover, liabilities to the public budgets not exceeding 10% of the turnover.

Retail is the only field identified by managers as having growth potential in terms of staff over the last three months of the year, according to the context survey conducted by National Institute of Statistics covering October - December.

The managers of companies active in industrial sectors kept their expectations regarding downsizing, despite expectations of an increase in their economic situation.

The answers indicated that companies in industry continue restructuring and renovating activities, their growth prospects being moderate as against the previous periods.

source


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