Overall costs more than doubled on the year to RON15.56 million, the fund said in its financial report.
SIF Oltenia posted a net profit of RON30.86 million in the first quarter, up 80% from RON17.16 million a year earlier. The figure is unchanged from a monthly report published in April.
The fund’s assets rose 8.17% on the year to RON1.55 billion.
At around 3:10 pm Wednesday, SIF Oltenia traded up 2.13% at RON1.393 a share in Bucharest, amid a rising market.