Fondul Proprietatea posts nearly 123 million euros in net profit

The Fondul Proprietatea (FP) sovereign fund closed the first nine months of 2011 on a net profit of RON 535.297 million (nearly 123 million euros), for revenues of RON 595.879 million and spending of RON 59.337 million, according to data released by the FP to the Bucharest Stock Exchange.As of September 30, 2011, the FP was RON 54.586 million in debt and had liabilities due of RON 210.482 million.The fund's assets were exceeding RON 11.342 billion, with equity standing at RON ...

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