SIFs already 75% on target

The value of the transactions concluded with the financial investment companies’ (SIF) shares has gone up over the last few sessions of the Bucharest Stock Exchange (BSE), as soon as the SIFs started to unveil H1 results. The quotations stayed put, though. Albeit H1 financials show SIFs to have attained at least 75% of their 2003 profit target, their share prices did not budge. The best results compared to the yearly budget target are those of SIF Transilvania, which posted 267bn ROL H1 profit, i.e. 96% of the full-year profit target. True, it had the most bearish estimates of all SIFs early in the year: 280bn ROL profit. Second top performer in terms of profit and S&R budget ratio is SIF Moldova – 88%, while the other SIFs attained about 77% of their full-year targets. ZF