SIF Transilvania reported a loss of 367,000 lei (EUR82,854) in the first quarter, versus a net profit of RON5.2 million in the year-ago period.
The fund’s total revenues fell to RON4.9 million, from RON35.3 million. SIF Transilvania reported revenues from stock sales of RON2.8 million, well below RON33 million in the first three months of 2013.
Overall costs fell to RON5.3 million, from RON29.4 million a year-earlier.
The fund’s assets slid 3% to RON1.04 billion in the first quarter, from RON1.08 in December last year.
At around 1:20 pm, SIF Transilvania’s shares traded up 0.17% at RON1.197 in Bucharest, amid a slightly rising market. (EUR1=RON4.4295)