Net profit of Bucharest Stock Exchange falls 11% in Q1 - financiare.ro
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News » April, 2011 » 28 April 2011

Net profit of Bucharest Stock Exchange falls 11% in Q1
28.04.2011, 15:41 | Capital Markets | 680 views



The net profit of the Bucharest Stock Exchange (BVB) stood at some 530,000 euros (2.2 million lei) in Q1 2011, down by 11% compared with that recorded in the same period of 2010, according to the financial results published by the company.

Moreover, BVB’s net profit per share decreased by 11% in Q1 2011, compared to the same period of last year, having stood at 0.2862 lei.

However, BVB increased by more than 127% its operational profit in Q1 2011, up to 3 million lei.

‘The first three months of this year were characterized by higher interest from local and international investors in the Romanian stock exchange. The improvement in the local macro-economic outlook has made buyers enter the market, a fact proven by the significant rise in indices and growing trades compared to the average of the last year,’ said BVB’s General Manager Valentin Ionescu.

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