SIFs see modest increase in profit

All the SIFs (Financial Investment Companies) that have so far presented the financial results for April have seen an increase in profit over the course of last month, but gains have been modest. SIF Banat – Crisana witnessed the biggest monthly profit, with gains worth 1.1 million RON (0.3 million euros) in April, which saw the profit of the company rise to 7.69 million RON (2.17 million euros) four months into the year. SIF Transilvania”s profit also witnessed an increase of almost one million RON, while SIF Moldova”s profit rose by 0.1 million RON last month, to 3.87 million RON (1.09 million euros). SIF Muntenia and Oltenia, the two financial investment companies that witnessed the biggest returns after the first quarter of the year, have not yet reported their data for April. SIF Banat – Crisana was not involved in any significant transaction in April, but did report profit from the sale of stakes in small companies in its portfolio. ZF