SIF Transilvania ended the year 2010 with a net profit of 66.9 million lei, cu 43% below the profit made in 2009, of 11.6 million lei, as the company"s revenues dropped 28% during the reviewed period, from 170.3 million lei to 121.5 million lei. The difference between the earnings of the two years stems from the fact that in 2009, the company sold a stake of 3.49% of Bancpost to EFG Eurobank, in exchange for 12.7 million lei, as well as from the dividends earned from BCR, which hasn"t happened in 2010.
The company"s expenses only dropped 4% last year, from 48.6 million lei to 46.7 million lei.
The net profit per share last year reached 0.0613, down from 0.1068 at the end of 2009.
The company has a share capital of 109.2 million lei, divided into 1.092 billion shares, with a face value of 0.1 lei.
Ovidiu Vrânceanu (Translated by Cosmin Ghidoveanu)
SIF Transilvania ended the year 2010 with a net profit of 66.9 million lei, cu 43% below the profit made in 2009, of 11.6 million lei, as the company"s revenues dropped 28% during the reviewed period, from 170.3 million lei to 121.5 million lei. The difference between the earnings of the two years stems from the fact that in 2009, the company sold a stake of 3.49% of Bancpost to EFG Eurobank, in exchange for 12.7 million lei, as well as from the dividends earned from BCR, which hasn"t happened in 2010.
The company"s expenses only dropped 4% last year, from 48.6 million lei to 46.7 million lei.
The net profit per share last year reached 0.0613, down from 0.1068 at the end of 2009.
The company has a share capital of 109.2 million lei, divided into 1.092 billion shares, with a face value of 0.1 lei.
Ovidiu Vrânceanu (Translated by Cosmin Ghidoveanu)
