Fondul Proprietatea reached a record profit of RON1.064 billion in the first half of the year, then dropped by RON50 million in July, by RON6 million in August, by RON26 million in September and by RON7.4 million in October.
In January-November 2013, Fondul Proprietatea reported a net profit of RON544.6 million.
Net assets stood at RON13.98 billion (EUR3.16 billion) end November, down 1.7% from RON14.22 billion at the end of October, the fund said in a report Friday. At the end of 2013, Fondul Proprietatea had net assets of RON15.01 billion.
Its net asset per share, of RON1.1862, was down from RON1.2068 end-October. In November last year, net asset per share stood at RON1.2432.
FP’s listed shares portfolio dropped to RON6.52 billion in November from RON6.84 billion in October and RON8.5 billion in November 2013.
It’s unlisted shares portfolio was assessed at RON6.24 billion, the same as in October, but slightly lower from RON6.45 billion in November 2013.
Bank deposits increased from RON254 million in October to RON621.2 million in November, while state paper dropped from RON668.8 million to RON322 million.
Fondul Proprietatea is a closed-ended investment fund created in 2005 to compensate people whose properties were seized by the communist regime and could not be returned in kind. Fondul Proprietatea was listed on the Bucharest Stock Exchange in January 2011.