Fondul Proprietatea's profit, slight increase in Q1, 2018
Publicat:In the first quarter of this year, Fondul Proprietatea (FP) reported a net profit of 293.6 million lei, slightly up by 0.2pct compared to the same period of 2017, according to data released on Tuesday by the Bucharest Stock Exchange.
Net operating revenues amounted to 311.7 million lei (323.2 million lei in Q1, 2017) and operating expenditure totaled 18.1 million lei (Q1, 2017: 40 million lei).
"The Fund's investment objective is to maximize yields and increase the value of the asset per share by investing mainly in Romanian stocks and equity-based securities. Investments in…
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