Four of the five Financial Investment Companies (SIF) ended thefirst half of this year with total profits worth 166.6m RON, 2.7times less than those posted in the first half of 2009, amidplunging dividend income.
With total wealth of above 7bn RON, the five SIFs are among thebiggest asset managers on the domestic capital market and are atthe top of the list for BSE investors.
Foreseeing the 2010 difficult economic context, SIFs havereorganised their strategy in a bid to successfully cope withfalling dividend income, as the most important bank in theportfolio, BCR, did not award dividends from 2009 profit and therest of companies in the portfolio announced dividends way belowprevious years' levels.
Nevertheless, the crisis did not leave SIFs' profits unscarred,with the companies witnessing declines by as much as 80% againstthe first half of last year.
The steepest profit slump was registered by SIF Transilvania, whichgained 22.3m RON in the first half, 80% less than in the sameperiod of last year.
Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels
