SIF Transilvania: 0.3m-euro profit

SIF Transilvania made net profits of 12.6bn ROL (0.3 million euros) in the first two months of this year, after posting 6.5bn ROL (0.1 million euro) net profits for January. For the corresponding period last year it posted 26.5bn ROL (0.6 million euros). Transilvania is the only financial investment company (SIF) to have posted results for the first two months of the year. Company officials were unavailable for comment. Up to the end of February SIF Transilvania had made no transactions upwards of 0.5 million dollars (0.3 million euros). Transilvania’s highest exposure is to companies in the industrial sector, which accounts for 25.6% of its portfolio, followed by farming and tourism with 22.2% and 15.8% respectively. Its highest market value investments are in the finance and banking sector – 114.1 million euros in the first two months of the year and more than half of its total investments. SIF Transilvania’s NAV was 14,347 ROL/share at the end of February. ZF