TLV

TLV, the pride of BVB, one of the few private companies built up based on the romanian capital market, reported yesterday the 2008 financial results. Usually, the last quarter used to be a hit!

TLV did not lose money in the last quarter of 2008, but they did not make money either. The net profit after q4 is just a (tiny) tick higher than the result after q3. We hoped till now that the predictions are awfull, but the reality will be nicer. Well, the hard facts are clear: DOWNTURN is here!! Fasten your seat belts!