SIF Oltenia’s profit up 8 times in Q1

Financial investment company Oltenia reported in Q1 a net profit worth 12.627 lei, 8 times more as against the same period of 2008 when it stood at 1.573 million lei, according to financial information sent to the Bucharest Stock Exchange.

Revenues grew 3.3 times as against the first three months of 2008 standing at 19.054 million lei and expenditures grew 32 percent up to 4.725 million lei.
On March 31, SIF5 had to recoup claims worth 1.581 million lei and to pay debts worth 58.314 million lei.

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