Expenses increased by 45%, to almost RON47 million (EUR10.7 million), from RON32.4 million in the similar period of 2011.
Net profit in the first six months stood at RON51.9 million (EUR11.8 million), more than five times higher than in the first semester of 2011, when it was RON10.1 million.
This year, the fund expects revenues of RON132.1 million and expenses of RON31.1 million, according to the budget revised in early July. Pre-tax profit is seen at RON101 million, 55% higher than the profit reported in 2011, RON65.3 million.
At the end of June, the company held net assets worth RON1.171 billion, 5.3% lower than at the end of 2011, when they were worth RON1.237 billion.
On August 14 on the Bucharest stock exchange, SIF Muntenia’s stock closed up 0.07% at RON0.7005 per share. (EUR1=RON4.5186)