In 2011, the fund reported a net profit of RON543.8 million, 19% higher on the year.
Fondul Proprietatea expects total revenue of RON660.3 million in 2013, while overall costs are seen at some RON76 million, according to the fund’s draft revenue and expenditure budget.
The bulk of next year’s profits should come from dividends paid out by the companies in the fund’s portfolio. The draft budget doesn’t consider potential changes to the portfolio.
Fondul Proprietatea estimates the entire profit for 2013 will be paid out in dividends to its shareholders.
Fondul Proprietatea was set up in 2005 to compensate Romanians whose properties were seized during communism.
In the first nine months of 2012, the fund posted net profit of RON574.5 million.
On the Bucharest bourse Tuesday, Fondul Proprietatea closed down 0.28% at RON0.525 a share. (EUR1=RON4.5772)