Overall costs rose 73.7% to RON64.5 million, the fund said in its financial report.
SIF Oltenia posted a net profit of RON88 million in 2012, up 5% from RON83.4 million a year earlier. The figure is unchanged from a monthly report published in January.
The fund’s assets fell 1.96% on the year to RON1.41 billion.
SIF Oltenia’s shares closed up 0.61% at RON1.474 in Bucharest. (EUR1=RON4.3885)