BVB turnover up 47 percent in first semester to RON 13.1 million

IPO’s had a positive effect on the Bucharest Stock Exchange, seeing as how its turnover increased 47 percent in the first half of the year to RON 13.1 million, while net profit surged 30 percent to RON 5.64 million, on a market where average trade values were on the rise.

In the first semester of last year, BVB posted a turnover of RON 8.9 million and profit of RON 4.24 million.

BVB makes its money mostly from trade commissions for all the listed titles, from fees placed on listing activities for companies and financial instruments and from information trading for different users.

In the second quarter, the turnover rose to RON 8.45 million, up 75 percent year on year and up RON 4 million compared to the previous quarter.

“IN the first semester, the surge in turnover was generated on the one hand by intense trading activities given the rise in visibility obtained after stimulating liquidity and on the other hand by higher revenues from public offers made on the stock market, including revenues from the highest IPO, Electrica”, according to the BVB report.

Read more about

Premier Energy Group announces intention to list on Bucharest Stock Exchange

read more

Operational profit stood at RON 5.88 million after the first six months of the year, 2.3 times higher than the number reported after the first six months of last year.