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Romanian financial investments companies hit 5M euros worth of profit

The combined profit made by the five Romanian financial investment companies (SIFs) in this February stood at 5 million euros, with this level having been influenced by the downward trend on both the domestic and foreign capital markets.

The SIFs net assets totaled 2.85 billion euros. SIF Transilvania's net assets eyed the most significant growth (by 50 percent), while SIF Muntenia stood for a growth by 36.8 percent. SIF Transilvania reached the most significant growth, of more than 3 million euros, although under the level recorded in the same interval last year. The company sold a share package of 17.9 percent of steel-making equipment producer Rotec based in Buzau (south-east), in a deal worth 1.5 million euros. SIF Moldova hit a profit worth 1.4 million euros, with SIF Oltenia standing at only 20,000 euros. SIF Muntenia managed to diminish its losses nearly 10 times compared with late January 2008. The BET index of the Bucharest Stock Exchange (BVB) dropped by 0.6 percent, while the Rasdaq-C index, with SIFs holding important participations in it, dropped by 1.1 percent. Sursa: http://www.rompress.ro

Tags: euros percent sif profit worth bvb bet

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