Romanian Proprietatea Fund Net Profit Rises To RON543.8M In 2011
Romanian investment fund Fondul Proprietatea (FP.RO) Friday said its net profit rose 19.2% to 543.82 million lei (EUR125.5 million) in 2011, from RON456.18 million a year earlier.
The fund reported net assets of RON14.47 billion (EUR3.35 billion) at the end of December.
Around 33.3% of Fondul Proprietatea’s assets are listed equities, while 63.26% are non-listed. Net cash and receivables stood at 3.41% of the net asset value.
Fondul Proprietatea was set up in 2005 to compensate Romanians whose properties were seized during communism.
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