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SIF OLTENIA S.A. - SIF5

2017 Q1 financial results

Release Date: 5/12/2017 8:00:05 AM

IRIS Code: 5892D

QUARTERLY REPORT as of 31.03.2017

complying with R.N.S.C. / F.S.A. Regulation no. 1/2006

 

The activity of SIF OLTENIA SA during the first three months of the year 2017 has been carried out in accordance with the strategy approved by the OGSM.

As of  31.03.2017, the company's assets – calculated according to FSA Regulation no. 9/2014 – recorded a  market value of 1,787,584,429 lei.

The financial assets of share type had a market value of 1,759,302,878 lei representing 98.42% of the total assets under management.

The portfolio companies number as of 31.03.2017 was 51, compared to 52 as of 31.12.2016. The nominal value of the portfolio under management was of 533,481,278 lei and the market value of the managed portfolio was of 1,759,302,878 lei,  by 229.78%  higher than the nominal value.

As of 31.03.2017, SIF OLTENIA SA achieved total incomes amounting to 4,571,559 lei.

The total expenses as of 31.03.2017 amounted to 2,927,963 lei.

The net profit recorded as of 31.03.2017 amounted to 1,527,971 lei, representing 2.15% of the one proposed in the Income and Expenditure Budget for the entire year 2017.

During 2017 Q1, transactions have been performed considering the opportunities on the capital market. Thus, the proceedings from securities and other financial instruments operations amounted to 15,327,784 lei (out of which, the profit amounted to 3,556,454 lei).

The total investments in shares amounted to 23,292,484 lei.
 
During January to March 2017, share selling transactions have made in order to optimize the portfolio structure, as well as to capitalize on market opportunities.

 

Top 10 companies from SIF OLTENIA SA portfolio as of 31.03.2017:

No.

Issuer Name

Market value according to FSA 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

431,763,994

6.2973

24.1535

24.9652

2

OMV PETROM S.A. Bucuresti

Premium

213,413,834

1.2455

11.9387

12.3399

3

BRD – Groupe Societe Generale Bucuresti

Premium

189,073,130

2.2022

10.5770

10.9325

4

MERCUR S.A Craiova

AeRO

113,677,376

97.8593

6.3593

6.5730

5

BANCA TRANSILVANIA S.A. Cluj Napoca

Premium

108,891,481

1.1228

6.0915

6.2963

6

C.N.T.E.E. TRANSELECTRICA  Bucuresti

Premium

92,789,664

3.8359

5.1908

5.3652

7

ARGUS S.A. Constanta

AeRO

92,533,704

86.2050

5.1765

5.3504

8

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

Premium

69,687,867

1.5617

3.8984

4.0294

9

ANTIBIOTICE S.A. Iasi

Premium

53,199,111

14.2524

2.9760

3.0760

10

S.N.G.N. ROMGAZ S.A. Medias

Premium

47,327,735

0.4026

2.6476

2.7366

 

T O T A L

 

 

 

 

 

Total asset

1,787,584,429 lei

Net asset

1,729,465,485 lei

Net asset value per share

2.9810 lei

 

Main financial results as of 31.03.2017

No.

Indicator Name

Achieved

as of

31.03.2017

- lei -

31.03.2016

- lei -

Annual forecasts

IEB 2017

- lei -

31.03.2017 /

IEB 2017

(%)

1

TOTAL INCOMES

4,571,559

15,634,695

101,718,700

4.44

2

TOTAL EXPENDITURES

2,927,963

5,117,566

24,452,620

11.97

3

GROSS RESULT - Profit

1,643,596

10,517,129

77,266,080

2.13

4

PROFIT TAX

115,625

1,791,637

6,152,870

1.88

5

NET RESULT- Profit

1,527,971

8,725,492

71,113,210

2.15

 

ECONOMICAL-FINANCIAL INDICATORS

Indicator Name

Calculation method

30.09.2017

30.09.2016

Current ratio

Current Assets / Current Liabilities

0.2373

0.2287

Debt-to-equity-ratio

Borrowed capital/Shareholders' equity x 100

 

Borrowed capital/Capital employed x 100

-

 

-

-

 

-

Days sales outstanding

Average balance clients/Turnover x 90

-

0.0069

Fixed assets turnover

Turnover/Fixed assets

0.0026

0.0100

 

SIF OLTENIA SA informs the investors that the Quarterly Report as of 30.03.2017 –prepared in accordance with legislation in force – will be available starting from 12.05.2017 hours 900 a.m., at the internet address:

 

http://www.sifolt.ro/en/reports/2017/tr1/tr1.html

 

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

 

We mention that the financial statements as of 31.03.2017 are not audited by the external financial auditor of the company.

 

 

On behalf of  General Manager

ec. Elena SICHIGEA

 

ec. Viorica BALAN

Internal Control/Compliance

 



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