SIFs make less after November

In the absence of significant transactions in November, almost all the five SIFs posted slightly lower profits after the first eleven months of the year, compared with the end of October. However, despite these declines, all of the SIFs can still boast higher profits than those budgeted early in the year. Top among SIFs in terms of profits is SIF Banat-Crisana, thanks to its 54.3 million RON (15 million euros), while SIF Transilvania made the lowest profit, 37.6 million RON (10.4 million euros). Transilvania, however, is the only financial investment company that posted a higher profit in November, an increase of nearly 0.3 million RON from the result obtained at the end of October. The most significant progress towards the end of the year was made by SIF Muntenia, which managed to climb to the third position in the profit ranking, with almost 52.28 million RON (14.4 million euros). This SIF has managed to catch up with the other four over the last few months due to the transactions involving Anticoroziv shares, which generated a 5-6 million RON profit, according to the management of Muntenia Invest, the company that manages SIF Muntenia”s portfolio. ZF