The Bucharest Stock Exchange (BVB) posted a net profit of 2.83 million lei in the first quarter of this year, up 6.975 pct as compared to the similar period of 2016, according to the consolidated results published on their own website.
“The consolidated net profit in Q1, 2017 was 2.83 million lei, rising significantly in comparison with the net result obtained in the same period of the previous year (Q1 2016: 0.04 million lei) with a net margin of 31 pct, 89 pct of the result being obtained from the Group’s trading segment,” reads the document.
The operating revenues grew by 42 pct in the first three months of the year against the similar period of 2016, to 9.19 million lei, mainly driven by the total value of transactions on Bucharest Stock Exchange markets.
“Operating expenses amounted to 6.23 million lei, up only 1.6 pct as compared to the first three months of last year, as a result of a 4 pct decrease in personnel expenditures, an increase in third-party services expenditures, generated by the preparation of the BVB-SIBEX merger and the increase in promotion and marketing expenses, amid the intensification of the capital market promotion activities, highlighted in other operational expenditures,” the source mentions.
Source: Bucharest Stock Exchange press release.