Celuloza si Otel reported net profit of 4.7 million lei (EUR1.13 million) in 2010, on total revenue of RON47.7 million (EUR11.5 million).

Fondul Proprietatea was set in 2005 to compensate Romanians whose properties were seized during communism. The fund owns shares in 83 local companies.

Thursday morning, Fondul Proprietatea traded down 0.3% at RON0.5 a share, amid a declining market.