However, overall expenses nearly tripled on the year to RON84.26 million, largely due to higher investment costs.
SIF Oltenia posted a net profit of RON90.5 million in the first six months of 2013, up 67% year-on-year. The figure is unchanged from a monthly report published in July.
End-June, the fund posted net assets of RON1.45 billion, up 1.35% from December 2012.
At around 15:40 pm, SIF Oltenia’s shares were trading up 0.41% at RON1.47 in Bucharest, amid a rising market. (EUR1=RON4.4111)