Bucharest Stock Exchange makes 1.2 million lei worth profit in Q3
BSE published its latest report on financial performance registered in Q3 of 2013 and announces a profit of 1.2 million lei, following revenues of 4.7 million lei, 18 percent up compared with the same period of last year. 2013-11-08 12:39:27
The total amount of transactions performed in Q3 increased by 30 percent, including the successfully IPO of Nuclearelectrica that triggered EUR 63 million. The operational profit posted by the stock exchange was estimated at 1.1 million lei and, according to the institution, this result has been directed influenced by the restructuring process of BSE and the series of latest IPOs. BSE financial reports also states operational costs worth 3.7 million lei, 25.1 percent increase compared with Q2 of 2013 and 30.2 percent compared with Q3 of 2012. According to Ludwik Sobolewski, GM of BSE, the stock exchange the main directions to be followed by BSE in its development target te internal restructuring process, the change of trading and after-trading infrastrucure, resuming the derivatives market in 2014 and the introduction of new market mechanisms.
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