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SIF OLTENIA S.A. - SIF5

2017 Preliminary financial results

Release Date: 2/15/2018 8:29:01 AM

IRIS Code: C45AE

ANNUAL PRELIMINARY FINANCIAL RESULTS AS OF 31.12.2017

 

SIF OLTENIA SA activity during the year 2017 has been carried out in line with the strategy approved by the OGSM.

As of 31.12.2017, the market value of the company's assets – evaluated according to the provisions of ASF Regulation no. 9/2014 – amounted to 1,824,576,020 lei.

The financial assets of share type had a market value of 1,803,438,685 lei -  namely, 98.84% of the total managed assets.

The portfolio companies number as of 31.12.2017 was 51, compared to 52 as of 31.12.2016. The nominal value of the managed share portfolio was of  546,666,935 lei and the market value of the managed portfolio was of 1,803,438,685 lei, 229.90% higher than the nominal value.

The net profit recorded as of 31.12.2017 amounted to 74,303,964 lei, higher by 4.49% than the one proposed in the Income and Expenditure Budget for the year 2017.

 

Top 10 companies from SIF OLTENIA SA portfolio as of 31.12.2017:

No.

Issuer Name

Market value according to ASF Regulation no.9/2014

- lei -

Weight in share capital of issuer

(%)

Weight in total asset of SIF

(%)

Weight in net asset of SIF

(%)

1

BANCA COMERCIALA ROMANA S.A. Bucuresti

Closed

475,816,901

6.2973

26.0782

26.8758

2

OMV PETROM S.A. Bucuresti

Premium

207,779,079

1.2826

11.3878

11.7361

3

BRD – Groupe Societe Generale Bucuresti

Premium

191,373,242

2.1287

10.4886

10.8094

4

MERCUR S.A Craiova

AeRO

117,229,794

97.8593

6.4250

6.6215

5

BANCA TRANSILVANIA S.A. Cluj Napoca

Premium

101,317,488

1.0956

5.5529

5.7228

6

ARGUS S.A. Constanta

AeRO

87,423,525

86.3368

4.7914

4.9380

7

S.N.T.G.N. TRANSGAZ S.A. Medias

Premium

74,215,680

1.6415

4.0676

4.1920

8

C.N.T.E.E. TRANSELECTRICA S.A. Bucuresti

Premium

69,029,886

3.8359

3.7833

3.8990

9

FLAROS S.A. Bucuresti 

AeRO

55,480,230

81.0386

3.0407

3.1337

10

ANTIBIOTICE S.A. Iasi

Premium

52,059,090

14.4136

2.8532

2.9405

T O T A L

1,431,724,915

-

78.47

80.87

 

Total asset

1,824,576,020 lei

Net asset

1,770,430,599 lei

Unitary value of net asset

3.0516  lei

 

The main economical-financial results as of 31.12.2017

No

Indicator Name

 

Achieved

31.12.2017

- lei -

31.12.2016

- lei -

Annual forecasts IEB 2017

- lei -

31.12.2017/

IEB 2017

(%)

1.     

TOTAL INCOMES

108,505,698

150,471,930

101,718,700

106.67

2.     

TOTAL EXPENDITURES

26,587,898

32,466,842

24,452,620

108.73

3.     

GROSS RESULT - Profit

81,917,800

118,005,088

77,266,080

106.02

4.     

PROFIT TAX

7,613,836

16,733,711

6,152,870

123.74

5.     

NET RESULT - Profit

74,303,964

101,271,377

71,113,210

104.49

 

SIF OLTENIA SA informs the investors that the Preliminary Financial Results as of 31.12.2017 will be available starting from 15.02.2018 hour 9:00 a.m., at the internet address:

 

http://www.sifolt.ro/en/comunicate/2018/comunicate.html

 

http://www.sifolt.ro/en/raportari/2018/raportari.html

 

The Preliminary Financial Results will be available to those concerned starting from the same date, at SIF Oltenia SA head office from Craiova, 1 Tufanele St.

 

Associate Professor PhD Ec. Tudor CIUREZU

Chairman / General Manager

 

Ec. Viorica BALAN

Internal Control / Compliance

 



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