FIC Transilvania posts 67% drop in pre-tax profit

One of the five financial companies in Romania, FIC Transilvania (SIF3) booked a first quarter net profit of 4 million lei, a three-fold tumble over the similar period last year, after revenues shrank, NewsIn informs.
Last year, the first-quarter net profit stood at 12.16 million lei. Revenues this year reduced 2.4 times to 9.37 million lei, over the first quarter last year. At the same time costs lost 30 percent to 5.35 million lei.

The company has a share capital of 109.21 million lei divided into 1.09 billion shares at a face value of 0.10 lei, following a share capital hike last year.


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