“The main contributor to the profit recorded in the first quarter of 2022 was the net gain from equity instruments at fair value through profit or loss amounting to RON821.2 million, generated by the valuation update for Hidroelectrica, net off by the negative share price evolution of the Fund’s listed holdings (mainly coming from OMV Petrom SA),” Fondul Proprietatea’s financial report says.
Net operating income stood at about RON860 million in January-March, an increase of 19% on the first quarter of 2021.
Total shareholder equity reached RON14.5 billion from RON10.8 billion in the first quarter of 2021, having increased by 34% year on year.
Operating expenses stood at RON33.7 milion compared with RON21.2 million in January-March 2021.
(English version by Loredana Fratila-Cristescu)