Dacia joins the +€2 bln business club of companies

The firm’s total revenues in Romania soared 16.5 percent, to RON 8.4 bln (some €2.28 bln), while total spending surged 22 percent, to RON 8.14 bln (€2.21bln). The auto market registered a severe decline in the past few months. However, Dacia is consolidating its position among Romania’s largest top companies, alongside enterprises such as Petrom and Rompetrol, both operating in the oil field, and which have already published their results.
Petrom, part of the Austrian OMV group, posted RON 16.75 bln (€4.55 bln) in business in 2008, up 36.3 percent year-on-year. The company registered a 43 percent drop in profit, at RON 1.02 bln (€277.5 mln). Rompetrol Rafinare, operator of the Petromidia refinery faced rising losses last year due to high volatility of the price of the barrel of oil and fluctuations of the exchange rate.
Petromidia posted a 56 percent increase in losses in 2008, to RON 490.6 mln (€133.2 mln), while its business surged 60 percent, to RON 8.6 bln (€2.35 bln).