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Construction and retail sectors appear more rarely on the Stock Exchange

Construction and retail sectors, which are the two domestic sectors currently eying quite significant growth, have appeared more rarely on the Stock Exchange lately.

The gains brought by such operations on the real estate market have also improved the results of the companies listed on Stock Exchange. Nevertheless, with the construction and the production of building materials sectors not being so well represented, the results were more visible in the case of the companies in other fields. Many Romanian companies, although they saw no spectacular results from their basic activity, have made good profits from their real estate 'inheritance.' Dafora came thus to rank 3rd among the most profitable companies, with the result being mainly due to the growth of its construction branch, although the company's main field of activity is drilling. According to the National Institute of Statistics, the construction sector grew 30 percent in 2007. On the Bucharest Stock Exchange, the main construction company is Impact, and the main construction materials producer is Cemacom Zalau (bricks). Cemacom ranked 4th in 2007, although this was the first year when it was taken into account by the study. The company increased its business some 40 percent, with the profit from exploitation having climbed approx. 14 times. The growth prospects appear to be good for the future, too. The local brick market reached 210 million euros last year, with the growth pace standing at some 30 percent, specialists expect an annual advance of some 15 percent by 2012. The good financial results of the company and the growth prospects of the construction sector have resulted in the Cemacom shares having an yield of 136 percent last year. Nevertheless, in the case of Impact, the yield was of only 18 percent. The retail sector is also eying spectacular growth. The single representatives of modern commerce on the BVB is Flamingo, specialized in the distribution of information technology equipment and home appliances (Flanco). According to IDC research company, the information technology market advanced some 16.5 percent in 2007. In the case of Flamingo, the sales increased last year by 190 percent, followed by an improvement in the profitability of the capital. The shares brought a negative yield, the explanation is the withdrawal of foreign investors. Sursa: http://www.rompress.ro

Tags: growth percent exchange stock retail sectors construction bvb