SIF Muntenia’s revenues stood at RON290.3 million in 2012, after selling stakes in its portfolio worth RON230.2 million.
The fund’s expenses dropped over 29% to RON81 million in 2013, from RON114.6 million in 2012, according to preliminary results sent Monday to the Bucharest Stock Exchange.
SIF Muntenia registered profit of RON131.1 million in 2013, up 3% from a record high of RON127.2 million in 2012.
SIF Muntenia is administered by SAI Muntenia Invest, which is controlled by SIF Banat-Crisana (SIF1.RO).
On the Bucharest stock market Monday, SIF Muntenia closed down 1.45%, at RON0.92 a share.