Transilvania Investments posts net profit of 73.9 million RON, up 41.1 percent in first half

Transilvania Investments reported a net profit of RON 73.91 million in the first half of 2024, 41.1 percent higher compared to the same period last year. Revenues also increased to RON 93.21 million, up by 40.21 percent compared to June 30, 2023.

The total assets of the investment fund amounted to RON 2,061.88 million, an increase of RON 569.79 million, or 38.19 percent compared to the same period last year, and an increase of 13.04 percent compared to December 31, 2023. The price of a Transilvania Investments share, traded on the Bucharest Stock Exchange under the symbol TRANSI, was RON 0.3720 at the end of June, an increase of 31.45 percent compared to the price recorded at the end of June the previous year.

Holdings in the financial sector, specifically in banking and financial services, continue to comprise the largest portion of the fund’s portfolio, accounting for over 46 percent. Furthermore, Transilvania Investments has ramped up its focus on enhancing the performance of companies where it holds a majority stake, with a particular emphasis on the hospitality and real estate sectors.

“The affiliation of several hotels owned by ARO Palace Brașov and Turism Felix with prestigious international chains is an important step. We are talking about investments of tens of millions of euros that offer new, long-term perspectives for these assets. For Turism, Hoteluri, Restaurante Marea Neagră, we have pursued a different approach by adopting a new business model focused on asset leasing. Regarding the real estate assets held by companies in our portfolio, such as Transilvania Investments Alliance Real Estate and International Trade Center in Brașov, the occupancy rate has climbed to nearly 80 percent, and the modernization of other assets has been expedited through ongoing projects in Sibiu,” said Marius Moldovan, Executive President of Transilvania Investments.

Transilvania Investments is one of the largest investment funds in Romania, listed on the Bucharest Stock Exchange under the symbol TRANSI. The fund’s mission is to maximize investor returns by managing a complex portfolio of assets that includes companies from the financial, tourism, real estate, energy, and IT sectors.