Romanian investment fund SIF Transilvania’s revenues drop to EUR 4.3 mln in January-June

Romanian investment fund SIF Transilvania recorded total revenues of RON 19.2 million (EUR 4.3 million) in the first half of 2014, down from RON 215.4 million reported the year before, according to the company’s data. Also, the fund’s expenses went down to 10.7 million (some EUR 2.3 million) in January-June this year, from RON 52 million registered in the same period of 2013. SIF Transilvania reported a net profit of RON 8.4 million (EUR 1.8 million) at June 30, 2014, from RON 140.3 million reported the year before. SIF Transilvania is traded on the Bucharest Stock Exchange (BVB) under the symbol SIF3. Irina Popescu, irina.popescu@romania-insider.com