The profit registered in June reached RON97.2 million, compared to RON445.9 million in January-May, according to a report published Friday.
The fund collected in June some of the dividends it was to receive and which it had already registered in the profit account. Thus, the value of receivables dropped 27%, by RON122.4 million, to RON327.3 million, from RON449.7 million.
For this year, the fund expects to collect dividends worth an approximate total RON400 million, from the companies in its portfolio. Some half of the dividend value will come from oil company OMV Petrom (SNP.RO).
The fund’s net asset value dropped 1.4% in June, to RON16.171 billion.
Bank deposits rose 6% in June, to RON672.8 million, while exposure on state bonds sove to RON15.8 million, from RON117.2 million.
The value of listed shares owned by the fund dropped 4% to RON5.991 billion. Stakes in listed companies represented 37.12% of the fund’s assets at the end of June.
The value of shares held in unlisted companies stayed at RON9.381 billion, namely 58.02% of all assets.
The Proprietatea fund is a closed-end investment fund, created to compensate owners whose property cannot be returned in kind after being abusively seized by the communist regime.
The fund has a share capital of RON13.778 billion, divided into 13.778 billion share with a face value of RON1.
Proprietatea stock fell 0.57% Friday, to RON0.52.