Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Romanian Oltchim Nine-Month Loss Widens as Sales Shrink

Oct. 30 (Bloomberg) -- Oltchim SA, Romania’s state-owned chemical company, said its net loss widened in the first nine months to 308.5 million lei ($88 million) from a loss of 179.8 million lei in the same period last year, according to a statement sent to the Bucharest Stock Exchange today.

The company’s total sales declined to 693.7 million lei from 1.26 billion lei, according to the statement.

Romania’s government may resume the sale of a majority stake in Oltchim next year after it failed to sign a sale contract with media entrepreneur Dan Diaconescu before a deadline expired on Oct. 1, according to Prime Minister Victor Ponta.

To contact the reporter on this story: Andra Timu in Bucharest at atimu@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.