BUSINESS

Property Fund estimates profit of RON 442 M in 2012

The Property Fund (FP) estimates that in 2012 it will obtain a net profit of RON 442.55 (EUR 102 M), more than double the profit forecast for this year, however smaller by approximately RON 100 M compared to the result registered in the first nine months, Mediafax informs. The Fund’s revenues will register a spectacular 77 per cent growth year-on-year, from RON 299.33 M to RON 529.53 M, according to the 2012 budget that will be discussed during the Shareholders’ General Assembly on November 23.

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