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Romania's SIF 3 Transilvania 9-mo Net Profit Falls 30% - Table

Nov 7, 2008, 10:00:21 AMArticle by Nikolay Yotov
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November 7 (SeeNews) - SIF 3 Transilvania, one of Romania's five regional investment funds, reported on Friday a nine-month net profit of 72.64 million lei ($24.9 million/19.50 million euro), compared to 104.24 million lei a year earlier.

Romania's SIF 3 Transilvania 9-mo Net Profit Falls 30% - Table

Company officials were not immediately available to comment on the decrease.

Its stock closed up 2.04% at 0.3 lei on the Bucharest Stock Exchange, BVB, on Thursday. The results were released before the start of Friday's trading session.

Following are figures from the company's income statement filed with the BVB (in millions of lei):

9-mo'08 9-mo'07
NET PROFIT 72.64 104.24
GROSS PROFIT 77.26 115.29
TOTAL REVENUE 107.26 156.05
TOTAL COSTS 29.99 40.76

SIF 3 Transilvania (www.siftransilvania.ro) said earlier it expects its net profit to fall by 52% to 53 million lei this year.

(1 euro = 3.7251 Romanian lei)

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