Ljubljana, 30 April (STA) - The state-run Restitution Fund (SOD) generated a net profit of EUR 4.3m in 2012 in what is a major drop from EUR 115.5m the year before. The fund paid out EUR 129.5m in denationalisation claims last year and EUR 10.6m in state restitution, shows the report published on the website of the Ljubljana Stock Exchange on Tuesday.
According to the report, SOD had capital investments in 43 companies in 2012, including drug maker Krka (valued at EUR 265.6m), insurers Zavarovalnica Triglav (EUR 105.3m) and Zavarovalnica Maribor (EUR 50m), energy group Petrol (EUR 97.4m), the NLB bank (EUR 40.9m) and telco Telekom Slovenije (EUR 26.5m).
The net profit of the group around SOD, which also includes gaming companies Casino Bled, Casino Portorož and HIT, reinsurer Sava, the PDP restructuring fund and insurers Triglav and Maribor, fell from EUR 85.5m in 2011 to EUR 31m in 2012.
Last year, the fund sold several of its minor investments, including its remaining share in shipping company Splošna plovba, for which it received EUR 47.9m, and furniture trader Slovenijales, which brought in EUR 3.6m.
SOD issued seven packaged of bonds in 2012, totalling at EUR 895m.
At the end of the year, SOD also took over the management of 83 state investments after the implementation of the law establishing a Slovenia Sovereign Holding and the abolishment of the Capital Assets Management Agency (AUKN).