Proprietatea Fund posts record profit worth euro87m - Azi

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Proprietatea Fund ended the first half of the year with a record net profit of 319 million RON (87 million euros), above the 313 million-RON reported for the whole of last year, after six-month revenues accounted for 80% of those derived in 2007, according to the fund"s general manager, Daniela Lulache.

The fund holds stakes in all major companies in the energy sector, which include Petrom, Transgaz and Transelectrica, whilst dividends collected by the three companies brought in 70% of total...

Read the whole story in: Ziarul Financiar