In June, SIF Transilvania posted a net profit of RON3.2 million, according to reports posted on the Bucharest bourse. However, the fund’s net asset value dropped 3.9% on June, to RON1.46 billion.
SIF Moldova (SIF2.RO) posted a net profit of RON33.5 million in the first half, down 41% from RON57.2 million in the same period a year ago. Its net assets dropped 1.3% in June, to RON1.2 billion. Since the beginning of the year, the fund’s net assets rose 5.3%.
SIF Muntenia (SIF4.RO) posted a net profit of RON6.3 million in June, bringing its first half profit to RON10.1 million, down from RON35.5 million in the year-earlier period. The fund’s net assets dropped 9% in June and 3% since the beginning of the year, to RON1.369 billion.
SIF Oltenia (SIF5.RO) posted a net profit of RON4.3 million in June, thus reporting a profit RON29.4 million for the first half of the year. In January-June 2010, the fund posted a net profit of RON51.6 million. Its net assets dipped 0.2% in June to RON1.685 billion, down 8.2% from the end of last year.
SIF Banat-Crisana (SIF1.RO) posted a net profit of RON3.9 million in June, concluding the first half of the year with a net profit of RON14.2 million, compared to RON33.1 million in the same interval of 2010. The fund’s net assets rose 0.8% in June and were up 6% since the beginning of the year, at RON1.443 billion.
The cumulated value of assets held by the five SIFs dropped 2.7% in June and 5.5% since the beginning of the year, to RON7.16 billion. (EUR1=RON4.2685)