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SIF 2 Moldova profit - 95.7 million lei

SIF 2 Moldova profit on 2008, according to mandatory reports till the third quarter, as well as the preliminary results till the end of 2008, hovers around 95.7 million lei, stated president Costel Ceocea in an interview given to the National Press Agency AGERPRES.

This is the effective profit of this investment company, added Ceocea. According to him, at the end of 2007, prior to the introduction of obligations linked to corporate management, SIF 2 Moldova consulted investors referring to the approach strategy for 2008 compared to the forecast, referring to the increase of the net operational profit and it exceeded and almost doubled the results.

'Financial exercise closing on the backdrop of the financial-economic crisis globally, with effects on the Romanian capital market, forced us to record depreciations on all hold titles and to adopt a new approach - otherwise recommended by the auditor - to close the 2008 financial exercise. I refer here to the modality we took into consideration these depreciations on the account of profit and losses. Moreover, we took into account the auditor's recommendation on what means free distributed titles and the way they were reflected into our financial situations', completed president of SIF 2 Moldova.

SIF 2 proved consistency in its investment politics, the capacity to restructure the portfolio, taken over from the former FPP, in order to maximize profits. As well, investments and placements made from own resources, available to the society management, proved it was responsible when placing them and had the courage to approach and include new issuers in its portfolio, which also proved in time to generate profit. SIF 2 demonstrated the capacity to manage very difficult situations, in difficult moments. An added argument to invest in SIF 2 is linked to a cautious investment policy which, through the application of the current legislation referring to the financial year closing, constrained us to cover depreciations through provisions so that, when the market recovers, to be able to secure a real growth of the value of SIF 2 shares, Costel Ceocea also said.

 

Sursa: http://www.rompress.ro

Tags: sif profit moldova

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