Romanian investment fund estimates EUR 25 mln profit

Local investment fund SIF Moldova has planned a net profit of EUR 25.1 million for 2015, half compared to last year. The company’s total revenue forecast for this year is of EUR 60.4 million, whereas costs should stay at EUR 30.5 million, according to a report to the Bucharest Stock Exchange, reports local Capital.ro. Last year, SIF Moldova recorded a net profit of EUR 53.6 million, while total revenues amounted to EUR 105.5 million, and spending stood at EUR 41.8 million. The company will distribute over 22% of last year’s net profit as dividends, the fund’s shareholders decided. editor@romania-insider.com