In July, the company’s profit fell 4.6% to RON1.016 billion, from a record high profit of RON1.06 billion in the previous month.
End-August, Fondul Proprietatea reported net assets worth RON14.946 billion, up 1.2% from RON14.76 billion a month earlier.
Around 50.37% of Fondul Proprietatea’s assets were listed equities in August, while 41.74% non-listed equities. Net cash and receivables stood at 7.89% of the net asset value.
Fondul Proprietatea was set up in 2005 to compensate Romanians whose properties were seized during communism.
US hedging fund Elliott Associates is the fund’s largest shareholder, with a 15.22% stake.
At around 1:17 pm, Fondul Proprietatea traded up 1.03% at RON0.887 a share in Bucharest. (EUR1=RON4.4184)