SIF Moldova said total revenue rose 43% on the year to RON42.3 million, while overall costs decreased 31.6% to RON11.75 million.
End-March, the fund reported total assets of RON1.2 billion, up 9.4% from December last year.
SIF Moldova expects its full-year profit will reach RON76.5 million in 2012, well bellow RON191.5 million a year earlier, largely due to fewer deals. In 2011, SIF Moldova sold a 6% stake in local lender BCR for RON123.6 million in cash and a 1% stake in Austria’s Erste Group Bank AG (EBS.RO).
At around 1:45 pm, SIF Moldova traded down 1.44% a share in Bucharest, amid a declining market. (EUR1=RON4.4411)