Bucharest Exchange blue chips report 45% stronger aggregate profits in Q3 on one-off events

The companies in the basket of Bucharest Exchange blue chips index BET have achieved 45% y/y stronger aggregated net profit in Q3, but this was achieved amid diverging dynamics of different sectors and significant impact of one-off earnings obtained by Banca Transilvania and telecommunications group Digi, according to an analysis of InterCapital Asset management analyst Divo Pulitika and published by Economica.net.

Excluding the one-off gains of Digi and Banca Transilvania, the adjusted rise in BET companies' aggregated profit declined by 20% in Q3 2024 compared to Q3 2023, according to the analyst – who also notes that one quarter's dynamics may be misleading, especially given the volatile nature of industries such as banking and energy.