November 12 (SeeNews) - SIF Oltenia, one of Romania's five geographically-defined investment funds, reported on Monday a nine-month net profit of 107.79 million lei ($45.44 million/31.26 million euro), up from 93.47 million lei a year earlier.
The fund's shares lost 1.99% on Monday to close at 3.94 lei. The company released its financial results after the end of trading on the Bucharest Stock Exchange (BVB), where it is listed.
Following are details from the company's income statement filed with the BVB (in millions of lei):
|
|
9-mo'07 |
9-mo'06 |
| NET PROFIT |
107.79 |
93.47 |
| PRE-TAX PROFIT |
119.61 |
103.56 |
| TOTAL REVENUE |
161.63 |
133.33 |
| TOTAL COSTS |
42.02 |
29.77 |
Five SIFs were set up in Romania along regional lines during the voucher privatisation in the 1990s as a vehicle in which local residents could invest their vouchers. The funds were initially endowed with 30% of all state-owned assets. They continue to hold significant stakes in a number of major companies across all sectors of the Romanian economy.
(1 euro = 3.448 Romanian lei)