Overall costs fell 53.1% on the year to RON37.1 million, the fund said in its preliminary financial report.
SIF Oltenia said net profit stood at RON83.45 million, up 3% from RON81.1 million in 2010. The figure is unchanged from a monthly report published in January.
End-December, the fund posted net assets of RON1.4 billion, down 9% from RON1.55 billion in the same month of 2010.
On the Bucharest bourse Tuesday, SIF Oltenia closed up 1.3% at RON1.434 a share. (EUR1=RON4.3473)