BVB’s net profit down by 44 pct to RON 1.8 mln in H1

Newsroom 11/08/2016 | 13:23

The net profit of the Bucharest Stock Exchange (BVB) dropped by 44 percent to RON 1.8 milion in the first semester of this year compared with the same period of the last year, according to a report published on the BVB.

„The net profit was also influenced by the unrealized differences of exchange rate resulted from financial assets revaluation in foreign currency, the net margin being 13 percent. The transaction segment contributed with a semestrial profit of RON 1.7 million to the entire profit of the Group. On June 6, BVB distributed its affiliated dividends of net profit in 2015, amounting RON 6.7 million, representing 100 percent of the net profit after reserves. The gross dividend approved for 2015 was RON 0.87/ share,” says BVB.

Moreover, the lower results impact from the first quarter determined a drop of 5 percent of operational revenues in the first half of the year, compared with the same period of the last year, to RON 14.2 million and a reduction of 5 percent of the operational expenses to RON 12.9 million.

„The losses from the unrealized differences from exchange rate, resulted from the financial assets revaluation in foreign exchange, reduced the net financial revenues by RON 0.3 million in the first six months of the year, reaching almost one million, compared with the same period of the last year,” says the BVB.

Georgiana Bendre