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Romanian SIF Moldova Sees 2012 Net Profit Down To RON76.5M

Romanian investment fund SIF Moldova (SIF2.RO) expects to a achieve a net profit of 76.5 million lei (EUR17.6 million) this year, compared to RON191.5 million in 2011, when it sold its stake in local lender BCR.

Andrei Cîrchelan · 3 februarie 2012 · 1 min de citit

Revenue is expected to reach some RON164 million this year, compared to RON328.8 million last year, according to the budget up for shareholder approval.

Last year, fund sold its BCR stake to Austrian Erste for RON123.6 million cash and a 1% stake in the Austrian lender.

Without the BCR transaction, SIF Moldova’s revenue reached RON205.2 million in 2011.

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