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Fondul Proprietatea, net profit up by 188.5pct, to 1.289 bln lei in 2017

Fondul Proprietatea /FP/ recorded in 2017 a net profit worth 1.289 billion lei (rd 286 million euro, ed. n.), as compared to 447 million lei in 2016, a nearly triple growth, by 188.56pct, according to a company's release."According to the statutory financial records, carried in compliance with IFRS, the FP recoded a 1,289,896,039 lei net profit for the fiscal year-ending, on 31 December 2017. In accordance with the Companies Law, the FP has to transfer to the ...

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