Overall costs fell 65% to RON22.5 million, the fund said in its financial report.

SIF Oltenia said net profit stood at RON66.8 million. The figures are unchanged from a monthly report published in October.

End-September, the fund posted net assets of RON1.52 billion, down 2.3% from RON1.55 billion in December last year.

On the Bucharest bourse Friday, SIF Oltenia closed up 2.94% at RON1.05 a share. (EUR1=RON4.3479)