The fund reported net profit of RON112.7 million (EUR25.6 million) in January to June, 25.3% higher on the year.
In the first half of 2011, SIF Transilvania posted revenue of RON147.5 million and net profit of RON90 million.
The increase was largely fueled by the sale of a 0.78% stake in BRD (BRD.RO) and a 0.17% interest in Erste Group Bank (EBS.RO), according to a report sent to the Bucharest bourse.
The fund posted overall costs of RON49.8 million in the first half, up 16% on the year.
At the end of June, SIF Transilvania’s assets stood at RON1.165 billion, down 12.4% on the year.
The fund’s shares closed flat Friday in Bucharest, at RON0.488 per unit. (EUR1=RON4.5396)