The result was due to the significant cut in shares sale.

This year, SIF Transilvania estimates a profit worth RON50.8 million, 3.7-fold lower than RON189.6 million last year.

At the end of September, the company’s net assets totaled RON1.071 billion, slightly up from RON1.057 billion in September 2013.

SIF Transilvania’s shares closed flat at RON0.275 in Bucharest Tuesday. (EUR1=RON4.4109)