Bucharest Stock Exchange sees almost no profit as trading drops
The Bucharest Stock Exchange (BVB) posted a net profit of RON 40,000 (EUR 9,000) in the first three months of this year, down by 98% compared to the same period of last year. The profit drop was mainly due to lower revenues from…
Romania Insider · Journalist
· Updated · 1 min read
The Bucharest Stock Exchange (BVB) posted a net profit of RON 40,000 (EUR 9,000) in the first three months of this year, down by 98% compared to the same period of last year. The profit drop was mainly due to lower revenues from transaction fees, as the value of share trading on the local capital market went down by 12% compared to the first quarter of 2015, to EUR 463 million. BVB Group’s operating revenues registered an 11% year-on-year decline in the first three months of the year, to RON 6.49 million (EUR 1.45 million) as the revenues from trading and registry services went down. editor@romania-insider.com
