November 12 (SeeNews) - SIF 2 Moldova, one of Romania's five regional investment funds (SIFs), on Monday reported a 40% rise in its nine-month net profit to 55.9 million lei ($23.9 million/16.3 million euro), as costs fell.
The fund's shares lost 3.34% to 3.18 lei on the BVB on Monday. Its nine-month results were released after the end of trading hours.
Following are data from the company's income statement filed with the Bucharest Stock Exchange (BVB), where its shares are listed (in millions of lei):
|
|
9-mo'07 |
9-mo'06 |
| NET PROFIT |
55.9 |
39.8 |
| PRE-TAX PROFIT |
58.9 |
41.8 |
| TOTAL REVENUE |
87.5 |
113.8 |
| TOTAL COSTS |
28.5 |
72.0 |
During voucher privatisation in the 1990s, five SIFs were set up in Romania along regional lines as vehicles in which local residents could invest their vouchers. The funds were initially endowed with 30% of all state-owned assets. The five funds continue to hold significant stakes in a number of major companies across all sectors of the Romanian economy.
(1 euro = 3.4276 Romanian lei)