The fund started the year strong, posting a RON23 million profit at the end of January.
Revenue jumped, in the first three months of 2011, to RON58.96 million, from RON4.3 million in the year-earlier period, following sales of shares in the fund’s portfolio.
Expenditure almost quadrupled, to RON30.68 million, the fund said.
The company’s management expects a net profit of RON68 million this year, up 1.6% from 2010.
SIF Transilvania shares were trading mid-Monday at 0.5845 per unit, up 0.6% on the reference. (EUR1=RON4.086)