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SIF OLTENIA S.A. - SIF5

2018 Q3 reports

Release Date: 11/14/2018 8:30:10 AM

IRIS Code: 8F541

QUARTERLY REPORT as of 30.09.2018

complying with F.S.A. Regulation no. 5/2018 and Law no.24/2017

 

The activity of SIF OLTENIA SA during the nine months of the year 2018 has been carried out in accordance with the strategy approved by the OGSM on 25.04.2018.

 

As of  30.09.2018, the company's assets – calculated according to FSA Regulations no. 15/2004 and 9/2014 – recorded a  market value of 2,147,263,962 lei.

 

The portfolio companies number as of 30.09.2018 was 50, compared to 51 as of 30.09.2017. The nominal value of the portfolio under management was of 548,055,407 lei and the market value of the managed portfolio was of 2,079,032,958 lei,  by 279.35%  higher than the nominal value.

 

SIF OLTENIA SA achieved during the analyzed period total incomes amounting to 102,946,411 lei.

 

The total expenses as of 30.09.2018 amounted to 7,665,874 lei.

 

The profit recorded before tax is of 95,280,537 lei, the profit tax being of 7,027,681 lei.

 

The net profit amounting to 88,252,856 lei, represents 117.46% of the one proposed in the Income and Expenditure Budget for the entire year 2018.

 

Top 10 companies from SIF OLTENIA SA portfolio as of 30.09.2018:

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

(%)

BANCA COMERCIALA ROMANA S.A.

unlisted company

652,918,000

6.2973

30.4070

31.5392

OMV PETROM S.A. Bucharest

Premium

260,311,350

1.2677

12.1229

12.5743

BRD – Groupe Societe Generale

Premium

223,182,013

2.3652

10.3938

10.7808

BANCA TRANSILVANIA S.A. Cluj Napoca

Premium

129,380,440

1.1588

6.0254

6.2497

Mercur S.A.

AeRo Standard

110,124,958

97.8593

5.1286

5.3196

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

Premium

68,127,675

1.6415

3.1728

3.2909

C.N.T.E.E. TRANSELECTRICA  Bucharest

Premium

63,727,488

3.6994

2.9678

3.0784

ARGUS S.A. Constanta

AeRO Premium

62,441,299

86.3922

2.9079

3.0162

FLAROS S.A. Bucharest

AeRO Standard

59,672,070

81.0386

2.7790

2.8825

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

Premium

53,450,854

0.4109

2.4893

2.5819

TOTAL

1,683,336,147

 

78.3945

81.3135

 

 

Total asset

2,147,263,962 lei

Net asset

2,070,182,037 lei

Net asset value per share

3.5683 lei

 

Main financial results as of 30.09.2018

 

No.

Indicator Name

Achieved

as of

30.09.2018

- lei -

30.09.2017

- lei -

Annual forecasts

IEB 2018

- lei -

30.09.2018 /

IEB 2018

(%)

1

TOTAL INCOMES

102,946,411

60,503,026

130,243,100

79.04

2

TOTAL EXPENDITURES

7,665,874

7,467,290

50,927,200

15.05

3

GROSS RESULT - Profit

95,280,537

53,035,736

79,315,900

120.13

4

PROFIT TAX

7,027,681

2,710,748

4,180,580

168.10

5

NET RESULT- Profit

88,252,856

50,324,988

75,135,320

117.46

 

ECONOMICAL-FINANCIAL INDICES

 

Index name

Formula

Result

Current liquidity index

Current Assets / Current debts

0.7006

Indebtedness index

Borrowed capital/Shareholders' equity x 100

 

Borrowed capital/Capital employed x 100

-

 

-

Days sales outstanding

Average balance clients/Turnover x 270

0.0067

Fixed assets turnover ratio

Turnover/Fixed assets

0.0493

 

SIF OLTENIA SA informs the investors that the Quarterly Report as of 30.09.2018 –prepared in accordance with legislation in force – will be available starting from 14.11.2018, 08.30 a.m., at the internet address

 

http://www.sifolt.ro/en/raportari/2018/tr3/tr3.html

 

as well as the link below.

 

The report will be made available to those interested in – as from the same date - at S.I.F. Oltenia’s head office from Craiova, 1 Tufanele Street.

 

We mention that the financial statements as of 30.09.2018 are not audited by the external financial auditor of the company.

 

Associate Prof. PhD ec. Tudor Ciurezu

Chairman / General Manager

 

 

ec. Viorica BALAN

Compliance Officer

 



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