Romania's SIF Transilvania 11-mo profit drops 75%

Last year, SIF Transilvania reported a profit of 213.9 million lei through November.

The fund's net asset value (NAV) fell to 1.050 billion lei at the end of November from 1.055 billion a year earlier, according to the company’s financial statement sent to the Bucharest bourse on Monday.

NAV per share slid to 0.4806 lei from 0.966 lei at end-November 2013.

SIF Transilvania had 197 companies in its portfolio at the end of November, including 89 listed on the regulated market.

(1 euro = 4.4735 Romanian lei)