SIF Banat Crisana, 55-fold plunge in profit in Q1

Financial investment company SIF1 Banat Crisana reported in the first quarter a gross profit of just 68,866 lei, namely 55-fold lower than in the same period of last year, when the gross profit stood at 3.817 million lei, according to data released by SIF1 Banat Crisana.

Overall revenues stood at 3.497 million lei, 3.48-fold lower than in the first three months of 2008, and total spending at 3.429 million lei, 2.43-fold lower.
Over the reference period, the accounts receivable diminished twice, from 76.18 million lei to 37. 826 million lei and the overdue debts doubled, from 40.02 million lei to 80.42 million lei.

Total assets (minus current debts)went down slightly, from 532.8 million lei to 506.57 million lei.

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