Bucharest Stock Exchange group sees higher results in third quarter

The Bucharest Stock Exchange group saw a 23% increase in operating revenues, in the third quarter of this year compared to the same period of 2015, to RON 9.14 million (EUR 2.05 million). The net profit went up 2.5 times, to RON 2.49 million (EUR 557,000). The operating results were mainly driven up by several important transactions that took place in the third quarter, namely the buyback programs of Fondul Proprietatea and SIF Banat-Crisana, the takeover bid of French group Lactalis for the shares of local dairy producer Albalact, and the bond issues carried out by the Finance Ministry and International Investment Bank (IIB). In the first nine months of the year, the group’s operating revenues went up by 4%, to RON 23.3 million (EUR 5.2 million) while the net profit was up 2%, to RON 4.29 million (EUR 956,000). The Bucharest Stock Exchange group includes the market operator Bucharest Stock Exchange (BVB) and the Central Depository – in charge with post-trading and registry services. The group’s full quarterly report is available here. FTSE Russell includes Romania on watch list for upgrade to emerging market editor@romania-insider.com